Pakistan halts $25bn GDF Suez contract due to possible $1billion scam
Pakistan halts $25bn GDF Suez contract By Syed Fazl-e-Haider KARACHI – The Pakistan government has delayed an energy deal, due to be signed on April 15, with French company GDF Suez after the Supreme Court took a suo moto notice (that is, on its own initiative) of irregularities in the award of a multi-billion-dollar contract to the foreign firm. The Ministry of Petroleum and Natural Resources in February awarded a contract worth up to US$25 billion to GDF Suez, the highest bidder, to import 3.75 million tonnes per annum of liquefied natural gas (LNG) for up to 20 years. The … Continue reading Pakistan halts $25bn GDF Suez contract due to possible $1billion scam
