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Weatherford International
Industry:
Drilling, Energy
Value of USG Contracts:
2
Symbol:
NYSE:WFT
States:
TX
Country:
Switzerland
website:
Contact Information:
Sources:
"In July 2007, this Houston-based oil-drilling and oil field services company announced in a filing with the Securities and Exchange Commission that it had been notified that the Bureau of Industry and Security and Department of Justice were investigating allegations of improper sales of products and services in sanctioned countries. Weatherford subsequently announced plans to get out of Iran, as well as Sudan, Syria and Cuba. This license authorized the company to enter into dealings to make good on that promise. A similar license was issued enabling the company to withdraw from Sudan." (New York Times, "Licenses Granted to U.S. Companies Run the Gamut," 12/24/10)
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