Trump envoy kept financial ties to firm behind $15 billion Hormuz-bypass oil pipeline plan
Barrack promoted TI Capital’s role as Iraq and Syria moved to study a $15 billion pipeline meant to bypass the Strait of Hormuz.
- U.S. diplomat Thomas Barrack advocated for TI Capital to participate in the Kirkuk-Baniyas Pipeline project, activities that appear to violate federal ethics rules, three people said.
- Plans to revive the historic Kirkuk-Baniyas Pipeline gained momentum this year when Iran restricted traffic through the Strait of Hormuz, pushing oil prices higher and creating demand for alternative routes.
- Barrack holds an equity stake in ACD-TI Oakley, managed by TI Capital, and has maintained a business relationship with Ziad Ghandour since at least 2020, despite prior ethics agreements requiring recusal.
- Former White House ethics lawyer Richard Painter called the advocacy "a serious problem," noting Barrack has not filed required conflict-of-interest waivers regarding his ties to the company.
- A State Department spokesperson acknowledged Barrack's relationship with TI Capital but stated he has "no affiliation with, role in, or financial interest in" the project, which involves consortium partners Chevron and UCC Holding.
19 Articles
19 Articles
Trump's associate Thomas Barrock's financial ties with Ziad Ghandour raise questions after Barrock advocated for Ghandour's company to join the $15 billion pipeline project, which was supposed to bypass the Strait of Hormuz
Trump's associate Thomas Barrock's financial ties with Ziad Ghandour raise questions after Barrock advocated for Ghandour's company to join the $15 billion pipeline project, which was supposed to bypass the Strait of Hormuz.
It was announced that construction of a pipeline connecting Iraq, and over Kurdish areas, with Syria will proceed. So this pipeline that the oil... Iraq-Syria Pipeline: The New Barak-Erdogan Oil Game and Netanyahu's “thorn”
Thomas Brac, the US Special Envoy for Syria and Iraq, and the US Ambassador to Turkey, sought to involve a company with its founder in the Iraq-Syrian oil pipeline rehabilitation project, in a move that raised questions about conflicts of interest and adherence to American professional ethics. The agency reported that Brac had pushed towards [...].
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