The mandate for the investigation, being conducted in parallel with an investigation by StatoilHydro and in close cooperation with Norwegian and US authorities, covers petroleum activities in Libya and consultancy agreements related to Hydro’s international oil and gas activities.
The ongoing investigation will report to a Committee of Non Management Directors of Hydro’s Board, which is currently led by Lene Olving, member of the board.
No time limit has been set for the conclusion of the investigations, but the ambition is to table all facts as soon as possible.
Published: October 12, 2007