30 september 2020

Central Asia news

Baker Hudges passed money under the table in Kazakhstan

28.04.2007 11:21 msk

Reuters, RBK Daily

Business Kazakhstan

Baker Hughes, an American company providing services in the oil and gas industry, confessed having bribed Kazakh state officials. According to the information compiled and released by SEC, Baker Hughes paid some Kazakhoil executives $4.1 million via a go-between to ensure its victory in the contest for providing services to the consortium developing Karachaganak (a major condensed gas field in Kazakhstan). Palms were greased as well to secure a contract with Kaztransoil, oil transportation company. (It cost Baker Hughes over $1 million.) Kazakhoil and Kaztransoil merged into KazMunaiGaz in 2002.

SEC accuses Baker Hudges of analogous behavior in Nigeria and Angola.