StatoilHydro head quits on probe
The head of newly-created StatoilHydro has resigned amid a probe into possible corruption over contracts in Libya.
Eivind Reiten, who is also the head of Norsk Hydro, said he had to step down to avoid a conflict of interest.
The probe started on Monday, when the company – formed when Statoil acquired Norsk Hydro’s oil and gas division – first listed its shares