Halliburton subsidiary agrees OFAC penalty for Cuba violations
26 February 2016
The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas in this April 6, 2012 file photo. Halliburton Co said October 17, 2012 that its third-quarter profit fell due to inflated raw material costs and a slowdown in U.S. drilling, which showed no signs of picking up as many clients' budgets for the year were already spent. REUTERS/Richard Carson/Files (UNITED STATES - Tags: BUSINESS LOGO ENERGY)Halliburton Atlantic Limited (HAL) has agreed to pay $304,706 to settle its potential liability for violations of US sanctions on Cuba. The violations related to transactions worth $1,189,752, with a base penalty of $423,202...
