Sunday, November 09, 2014

Tony Blair ‘signed secret contract with Saudi oil firm promising him £41,000 a month and a slice of any deals he helped broker’

Tony Blair signed a secret contract with a Saudi oil firm, which promised him £41,000 a month and commission on deals he helped broker, it has been claimed.

The former prime minister signed the agreement with PetroSaudi - founded by a senior member of the Saudi royal family - in November 2010 in a deal that would promote the firm to Chinese leaders.

It proposed fees of £41,000 a month and a two per cent cut on any successful negotiations for Blair, while the firm was told it was prohibited from disclosing his role without consent.

The 21-page leaked document, obtained by The Sunday Times, is the first time a detailed contract agreed by his office - Tony Blair Associates - has been revealed.

The newspaper claims it is also the first piece of evidence of his work for a Middle Eastern oil firm.

Mr Blair's role as a Middle East Peace Envoy is to hammer out a ceasefire in times of conflict between the Israelis and Palestinian

But it is thought the revelations will give rise to fresh criticism of his role and his private interests. Full story...

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