ExxonMobil, Iran Did Business under Secretary of State Nominee Tillerson
Senate Foreign Relations Committee on Wednasday will ask Donald Trump's nominee for secretary of State Rex Tillerson about Business with Iran.
ExxonMobil did business with Iran, Syria and Sudan through a European subsidiary while President-elect Donald Trump's nominee for secretary of State was a top executive of the oil giant and those countries were under U.S. sanctions as state sponsors of terrorism, Securities and Exchange Commission filings show; usatoday reported.
That business connection is likely to surface Wednesday at a confirmation hearing for ExxonMobil CEO Rex Tillerson before the Senate Foreign Relations Committee.
The sales were conducted in 2003, 2004 and 2005 by Infineum, in which ExxonMobil owned a 50% share, according to SEC documents unearthed by American Bridge, a Democratic research group.
ExxonMobil told USA TODAY the transactions were legal because Infineum, a joint venture with Shell Corporation, was based in Europe and the transactions did not involve any U.S. employees.
The filings, from 2006, show that the company had $53.2 million in sales to Iran, $600,000 in sales to Sudan and $1.1 million in sales to Syria during those three years.
Source: Al Alam News Network