Oil-for-Food Appeal Begins in Paris

Transcription

Oil-for-Food Appeal Begins in Paris
Press contact
TOTAL S.A.
Tour Coupole
2, place Jean Millier
Arche Nord - Coupole/Regnault
92078 Paris La Défense Cedex
France
Thu 15.10.15 09:25
Oil-for-Food Appeal Begins in Paris
Tel.: +33 (0) 1 47 44 46 99
Website
The Oil-for-Food appeal is being heard in Paris. Although the charges against Total S.A. were dismissed in the lower court, the company is being retried, along
with four former Group employees.
The Oil-for-Food program was introduced in 1996 by the U.N. Security Council to ease the
hardship caused by the sanctions imposed against Iraq in 1990. The program allowed Iraq
to sell its oil subject to specific terms and conditions, with the proceeds deposited to an
escrow account used to purchase food, drugs and staples, under the oversight of the
United Nations. The program was suspended following the 2003 invasion of Iraq by the
United States and its allies.
Total is being prosecuted for bribing foreign officials, on the grounds that between 2000
and 2002 it made extra payments to Iraq when purchasing oil, bypassing the U.N. escrow
account.
Total will show that it legally purchased Iraqi oil in the market, in compliance with the Oil-for-Food Program rules and with all the required
authorizations.
For more information, please visit www.total.com.