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Air Liquide clarifies Volcker Commission report

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Air Liquide Engineering (ALE), an Air Liquide group subsidiary, has been mentioned in the Volcker Commission report.

This commission was initiated by the UN to investigate the contracts secured under its “Oil for Food” program between 1996 and 2003.

This program allowed Iraq, restricted by international sanctions at the time, to sell its oil and in return purchase basic human necessities and equipment supplies.

In April 2001, ALE signed a contract for standard replacement parts to be delivered to the Baiji refinery for oxygen production plants for an amount of 432,686 euros. In June 2001, the UN declared that this contract conformed to the requirements of Security Council Resolution 986 (1995).

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