Home Business NewsBusiness Revealed: Tony Blair's £41,000-a-month secret contract to help Saudi oil firm

Revealed: Tony Blair's £41,000-a-month secret contract to help Saudi oil firm

by LLB Editor
10th Nov 14 8:49 am

There is much speculation on former Prime Minister Tony Blair’s company Tony Blair Associates (TBA). Questions range from “How much does he earn?”, “Who does he deal with?” to “Did he really help a Kazakh dictator?”.

Now details of a contract negotiated by Blair have been revealed for the first time.

According to the Sunday Times, Blair signed a secret contract with Saudi oil company PetroSaudi worth £41,000 a month. Blair also received 2% commission on deals he advised on.

A PetroSaudi source told the paper: “[Blair] has got deep ties to the Middle East and that is how we got to know him. We know a lot of people in common and they put us in touch. It was a confidential engagement to help us develop business in China.”

A spokesperson for Blair said: “Tony Blair Associates worked for PetroSaudi for a period of months over four years ago.

“This was in connection with an issue in the Far East and nothing whatsoever to do with the Middle East or the unpaid ex-officio role of Tony Blair for the Quartet in Palestine.

“TBA has had no involvement in Malaysia and has no knowledge of the matter.”

Now read:

Tony Blair

How Tony Blair got so rich: a £25m property empire, and more

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