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Trump envoy kept financial ties to firm behind $15 billion Hormuz-bypass oil pipeline plan
DUBAI: Thomas Barrack, a top US diplomat in the Middle East, advocated for a firm run by his business partner to take part in the development of an oil pipeline from Iraq to Syria, three people said, activities which appear to violate federal ethics rules. In July, Iraq and Syria signed memorandums of understanding with a consortium made up of the company, Californian investment group TI Capital, along with Chevron and Qatar’s UCC Holding, to carry out technical and financial studies in preparation for rehabilitating the pipeline, which would skirt the Strait of Hormuz chokepoint. Barrack, US ...
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