Unaoil sues Leighton
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Oil and gas provider Unaoil Group is suing Leighton Holdings (LEI) in a matter it says is unrelated to allegations of corruption at the construction group, The Australian Financial Review reports.
Unaoil last week denied allegations of improper conduct in its work with Leighton, following Fairfax Media reports that Unaoil was paid $87 million for its work on the Iraq Crude Oil Export Expansion project when the real value of the work was less than 50%.
According to the AFR, Unaoil said the $US33.3 million ($35.2 million) lawsuit was a standard construction dispute over cost increases that resulted in changes to underwater oil pipeline design.
"This is a highly technical issue and it has absolutely nothing to do with the investigation," Unaoil general counsel Paul Bayley told the AFR.
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