China-based oil co. settles alleged Iran sanctions violations, US says
WASHINGTON - China-based Yantai Jereh Oilfield Services Group Co Ltd has agreed to pay more than $2.7 million to settle 11 "apparent violations" of sanctions against Iran, the US Treasury Department said on Wednesday.
"The apparent violations involved the exportation or re-exportation, and attempted exportation or re-exportation of US-origin goods ultimately intended for end-users in Iran by way of China," the department said in a notice on its website.
