Tony Blair made millions in secret deal with Saudi Arabian oil company

Former Prime Minister Tony Blair made a fortune in a secret and lucrative business deal with his Tony Blair Associates (TBA) and a Saudi Arabian oil company. Under the deal, it was agreed that TBA would help promote the firm - PetroSaudi International, a firm promoted by one of the senior members of Saudi royal family, to Chinese leaders. The proposed fees were £41,000 a month and a 2% cut of any deal it helped broker.
According to The Sunday Times, Blair would make introductions to senior political leadership, industrial policy makers, corporate entities and other persons in China identified by PetroSaudi  officials. The contract gives a fascinating insight into Blair’s business empire, which has been dubbed Blair Inc. The document says TBA can provide consultancy services “on geopolitical services,” “introduction to Chinese industrialists and politicians” and introductions to “potential sources of equity and/or debt investment”. One condition was utter secrecy. The contract states: “Each party will ensure that no announcements, statements or documentation containing any reference to either party or to Tony Blair will be published or made without the prior express written consent of the other party.”
Blair sees no contradiction between this type of work and the principles espoused in the Beijing speech in November 2010. This is partly because he considers it helps finance his extensive unpaid activities, which include the Tony Blair Faith Foundation, which promotes dialogue between religions, and the African Governance Initiative, which promotes reform in Africa. Many were, however, concerned at what they consider Blair’s race for cash since leaving office, with an opaque network of financial interests that stretch from the United Arab Emirates to Kazakhstan to America. Many people consider it wrong on the part of Blair to conceal his business interests and minting money by using his previous role as Britain's Prime Minister.
The former prime minister is likely to face questions about whether it was appropriate for him after leaving office to be paid by a private company founded by a senior member of the Saudi royal family. He will also face questions over the scale of any confidential business deals in the Middle East and whether they may have led to conflict with his role as Middle East envoy.
A group of former British ambassadors has already joined a campaign calling for him to be removed from the unpaid post, citing his role in the Iraq invasion, the lack of progress on his Middle East mandate and the lack of transparency over his business dealings and personal finances. Since leaving Downing Street, Blair has amassed a vast fortune with his property portfolio alone comfortably worth £ 25 million. He has secured advisory roles with the US investment bank JP Morgan and Swiss insurer Zurich International. He is also one of the best-paid speakers in the world, earning as much as £150,000 for a single speech. His main commercial activities come under the umbrella of TBA. TBA’s client list and the modus operandi of its employees are, however, carefully guarded secrets.