Saipem settles with Sonatrach in shadow of bribery trial

28 March 2018

Saipem CEO Stefano Cao and his Sonatrach counterpart Abdelmoumen Ould Kaddour at the signing ceremony last month (Credit: Sonatrach)

UPDATED. Embattled construction group Saipem has reached a deal with Algerian state oil and gas company Sonatrach to settle four ICC arbitrations worth billions of euros over projects that Italian prosecutors allege were procured through bribery.

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Saipem settles with Sonatrach in shadow of bribery trial

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