The denial follows media allegation that implicate Kvaerner in a corruption scandal involving Monaco-based Unaoil, which is being investigated for allegedly bribing its way to contracts in several countries in the Middle East and Central Asia.

Media allegation, first revealed by the Huffington Post and Australia’s Fairfax Media, claim that, following a six-month investigation, a number of oil companies are implicated in the scandal including, Kvaerner.

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