Report: Chevron settling Iraq oil probe dating back to Condi Rice's tenure on its board

RAW STORYPublished: Tuesday May 8, 2007
US energy giant Chevron is preparing to settle a government probe into kickbacks under the now-defunct oil-for-food UN program for Iraq.
The New York Times said the US oil giant was to make an acknowledgement that it should have known about kickbacks -- in the guise of surchages -- on its Iraqi oil purchases, as part of an expected agreement with US prosecutors likely to include fines of up to 30 million dollars.
The Times reports that the Iraqi oil export surcharges were begun in 2000 by Iraq's State Oil Marketing Organization. "At the time," write Claudio Gatti and Jad Mouwad, "Condoleezza Rice, now secretary of state, was a member of Chevron's board and led its public policy committee, which oversaw areas of potential political concerns for the company."
Rice left Chevron's board in early 2001, after President Bush tapped her to be his national security advisor.
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