Weatherford International Ltd

Parent Company:
Weatherford International (Ireland)
HQ Country of Company:
USA
Agency:
Department of Justice & OFAC
Location of Sentencing:
Washington D.C.
Date:
Description:
Between 2003 and 2007, Weatherford conducted extensive oilfield services business in Iran, including 100 transactions totaling $23,001,770, which involved the direct or indirect exportation of goods, technology, and/or services to Iran, and/or the facilitation of those transactions by U.S. persons, in apparent violation of the ITSR.
Fine:
Total Fine
100000000 (OFAC)+252690606 (Justice, SEC)
Total Forefeiture
$ 0.00
Total Special Assessment
$ 0.00
Grand Total
$352,690,606.00
Source:
Treasury, “Enforcement Information For November 26, 2013.”
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