Home > Middle East > Former BP boss earns £12m from Iraqi oil venture | The Guardian

Former BP boss earns £12m from Iraqi oil venture | The Guardian

Former BP boss, Tony Hayward will pocket more than £12m in a first tranche of payouts less than a year after he set up his own company and then bet on Kurdistan being the next big province for the oil industry.

Hayward who left his old employers with a £10m pension pot after the Gulf of Mexico blowout, exercised his rights to a 6.67% stake in the Genel Energy business along with his partners Nat Rothschild and two other executives.

For more on this story, visit: Former BP boss earns £12m from Iraqi oil venture | Business | The Guardian.

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