Ant-Bribery, Corruptions and Risk Management
Somali Petrol Company (SPC) has a zero tolerance approach with respect to its Anti-bribery and Corruption policy, procedures and implementation and complies with all applicable laws and regulations of the countries in which it operates.
“Somali Petrol Company (SPC) is committed to upholding high standards of ethics, transparency and accountability in the oil and gas industry and fully supports and promotes an extraction sector free of corruption.
We have decided to build a long term sustainable business in Somalia and intend to invest both in its ethical infrastructure and in the communities in which it works. From inception, we will build a corporate culture based on fundamental values including fairness, ethics and integrity in its business dealings, which is compliant with the highest standards of relevant legislation in the world. A zero tolerance policy towards bribery and corruption will form the basis of Somali Petrol Company (SPC) compliance framework which will be designed to protect its brand, its employees, its third party business associates and its stakeholders from the risks associated with bribery, corruption and extortion”.
Ambassador H.E. Dr. Badal Kairye, Chairman of Somali Petrol Company (SPC)
All employees of the Company and its affiliates are required to comply with the Groups Anti-bribery and Corruption policy.
Somali Petrol Company (SPC) also supports the Extractive Industries Transparency Initiative (EITI) and its aim to increase transparency, accountability and strong corporate governance.
We welcome supporting the EITI,
Somali Petrol Company (SPC) is also actively supporting the Government of the Federal Republic of Somalia in its ambition to become an EITI compliant country.