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ExxonMobil and Iran did business under secretary of State nominee Tillerson

Mark Dubowitz
9th January 2017 - Quoted by Oren Dorell - USA Today

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.

That business connection is likely to surface Wednesday at a confirmation hearing for ExxonMobil CEO Rex Tillerson before the Senate Foreign Relations Committee.

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At the time of the SEC inquiry, such indirect transactions between Iran and American companies were not unusual, said Mark Dubowitz, an expert on Iran sanctions at the Foundation for Defense of Democracies, a Washington think tank.

“It’s the reason Congress eventually shut down U.S. companies from doing business (with Iran) through foreign subsidiaries,” Dubowitz said. Congress also required such transactions to be disclosed. The Iran nuclear deal that went into effect in early 2016 reopened the loophole under certain conditions, Dubowitz said.

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Tags

iran, sudan, syria, tillerson