The World Bank Group on Wednesday announced a three-year debarment with conditional release of an individual consultant in connection with a corrupt practice as part of the Petroleum Governance and Management Project in Guyana.
A release from the World Bank said that the debarment makes Carlos Barberán Diez, a Spanish national, and his controlled affiliates, AC Oil & Gas SL and AC Oil & Gas Emirates LLC, ineligible to participate in projects and operations financed by institutions of the World Bank Group. The release said it is part of a settlement agreement under which Barberán Diez acknowledges culpability for the underlying sanctionable practice and agrees to meet specified integrity compliance conditions as a condition for release from debarment.