Federal Times: The International Oil Trading Co. (IOTC) announced May 3 it had reached an agreement with the Defense Logistics Agency–Energy (DLA) for unpaid fuel used by coalition troops during the Iraq War.
The Florida-based transportation and distribution company received $40 million for over 332 million gallons of fuel delivered to the DLA between July 2007 and August 2009. Accused of fraud in 2008, a recent Department of Defense investigation concluded “no fraud vulnerabilities were identified” in IOTC fuel contracts.
The most significant government policy, business, and technology news and analysis delivered to your inbox.
Subscribe Nowi360Gov is an intelligent network of websites and e-newsletters that provides government business, policy and technology leaders with a single destination for the most important news and analysis regarding their agency strategies and initiatives.
Telephone: 202.760.2280
Toll Free: 855.i360.Gov
Fax: 202.697.5045
The most significant government policy, business, and technology news and analysis delivered to your inbox.
Subscribe Now