OFAC Settles With Oil Equipment Company

Posted by Caroline Brown on Thu, Jul, 1 2010 @ 11:15 AM

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The Treasury Department states that the Office of Foreign Assets Control announced an $860,000 settlement with Agar Corporation, Inc. (ACI), an oil field equipment company. ACI participated in the unlicensed export of oil and gas production equipment for use in Sudan, which is in violation of the Sudanese Sanctions Regulations.

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