Saipem fined for 'inflating' bids in Algeria

An Algerian court has fined Italian services company Saipem about €34,000 ($37,100) for allegedly "inflating" bid prices for contracts associated with the GK3 gas pipeline.

Fine: Saipem to appeal Algeria penalty
Fine: Saipem to appeal Algeria penalty
Published 2 February 2016, 20:13Updated 18 October 2016, 05:04
Middle EastNorth Africa