Azeri Oil Deals Signal Corruption, Global Witness Says
This article is for subscribers only.
Companies with obscure ownership structures are benefiting from oil agreements with Azerbaijan’s state energy company, signaling potential conflicts of interest and preferential treatment, rights group Global Witness said.
“Privately owned companies are making millions handling oil that belongs to the Azerbaijani people, yet the identity of their owners is hidden,” Global Witness said in a report on its website. “This opacity poses a credibility problem.”