Sign Up for FREE Daily Energy News
 
BREAKING NEWS:
Copper Tip Energy Services
Precision Well Servicing
Hazloc Heaters
Precision Well Servicing
Copper Tip Energy
Hazloc Heaters

Dutch company fined for exporting turbine parts to Iran


THE HAGUE, Netherlands — A Dutch company has been convicted of illegally exporting to Iran gas turbine parts that could be used in the manufacture of weapons. A court in the southern province of Limburg convicted Euroturbine BV on Monday of setting up shell construction companies aimed at avoiding Dutch export license requirements that were tightened in 2009. The Dutch company was fined 500,000 euros ($565,383) and a Bahrein-based subsidiary 350,000 ($395,800). The Limburg Court says the shell constructions were set up "so that gas turbine parts could still be sold to clients in Iran." The court statement did not identify the clients. The company's director, an indirect shareholder and an employee were sentenced to perform unpaid community service for their roles in the export scam. Their identities were not released. The Associated Press

Share This:



More News Articles


New SHOWCASE Directory Companies

 

CFR Chemicals
Osprey Informatics
Vision Integrity Engineering Ltd.
Stream-Flo
Silverstream Energy Solutions
Scovan Engineering
Nationwide Boiler Inc
Ironhub