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Statement from Unaoil

In March 2016, the Unaoil group and the Ahsani family were the subject of a number of press articles, which contained allegations that certain individuals had paid bribes to assist other companies to win business.  These allegations have been vigorously denied.

As a result of the articles, the UK SFO commenced an investigation which is ongoing.  At this time, it is not possible to provide further comment on the investigation. 

While the press articles and the investigations have had a devastating impact on the business of the Unaoil group, with a number of companies in the group having to go into liquidation as a result, the remaining core team of employees is working hard in Iraq to ensure that Unaoil’s obligations to its customers are met in relation to existing engineering and construction contracts, and to ensure that monies owed to Unaoil are received in order to allow the company to make payments to its creditors.

Unaoil is grateful to those of its suppliers, customers, banks and advisors who continue to provide support during this period.

What We Do

We provide industrial solutions to the energy sector in the Middle East, Central Asia and Africa. These include green and brownfield Engineering and Construction, Workforce Solutions, Operations and Maintenance, and the provision of niche equipment and products, such as production chemicals. The common link across these activities is our significant local investment to provide superior services by integrating local capability with leading technology.

How We Work

We work with a sense of urgency and determination to face the challenges in our markets. We collaborate closely with our clients and technology partners to deliver what we have promised. We set ourselves the highest standards. Importantly, we look to learn more from our setbacks than our achievements.