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Monday, January 15, 2024
The Algerian Supreme Court confirms the full acquittal of Saipem by the Court of Appeal of Algiers in the criminal proceeding related to a 2008 bid for studies of the Rhourde Nouss QH competitive FEED.
Following the press releases issued on January 19 and April 16, 2023, Saipem informs that, following the appeals presented by some of the other parties to the proceeding, the Algerian Supreme Court has ruled on the criminal proceedings initiated in December 2022 against Saipem S.p.A. in relation to the participation of the latter in a 2008 tender for competitive FEED studies in relation to the Rhourde Nouss QH project.
Based on the decision, read out at the hearing and communicated to Saipem S.p.A. by its local lawyers, the Supreme Court, having rejected all the appeals, definitely confirmed the acquittal of the company already pronounced by the Court of Appeal of Algiers on April 16, 2023.
Saipem said it welcomed the decision of the Algerian Supreme Court with satisfaction.
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