International oil trading company llc
International Oil Trading Co. This same firm is involved in a controversy generated last year by a Jordanian lawsuit, and congressional investigation of its contracts…. He said that he had arranged for IOTC to receive a letter of authorization from the Jordanian government to permit transportation of fuel across Jordan, a letter that was essential for the company to bid on the U.
After a 4-month committee investigation, Waxman sent a letter to U. Waxman said that IOTC was the highest bidder, out of 6 bids received, on a June DoD fuel contract, but received the contract anyway because it was the only company that had the letter of authorization from the Jordanian government. The June contract international oil trading company llc rebid in March and Decemberand IOTC won both times, not because it was the lowest bidder, but because of the letter of authorization, Waxman said.
He said that had the fuel contracts been awarded to the lowest bidder, the U. Since international oil trading company llc audit is ongoing, we are not able to provide additional information at this time. DID's daily email newsletter keeps you abreast of contract developments, pictures, and data, put in the context of their underlying political, business, and technical drivers. Defense program acquisition news, budget data, market briefings. Free Email Newsletter quick daily updates.
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