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25.03.2015 Sudan

Schlumberger fined $232.7mn for breaking Iran, Sudan sanctions

By AFP
French-US oil services giant Schlumberger Ltd. was fined $232.7 million by the Justice Department Wednesday for violating sanctions on Iran and Sudan.  By Fabio Bucciarelli (AFP/File)
LISTEN MAR 25, 2015
French-US oil services giant Schlumberger Ltd. was fined $232.7 million by the Justice Department Wednesday for violating sanctions on Iran and Sudan. By Fabio Bucciarelli (AFP/File)

Washington (AFP) - French-US oil services giant Schlumberger Ltd. was fined $232.7 million by the Justice Department Wednesday for violating sanctions on Iran and Sudan.

Fully-owned subsidy Schlumberger Oilfield Holdings Ltd. admitted guilt to one count of "knowingly and willfully conspiring to violate" the US International Emergency Economic Powers Act, under which US sanctions are applied, the department said.

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