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| Schlumberger joins list of firms abandoning Iran | |
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| Tweet Topic Started: Feb 18 13, 11:26 (1,481 Views) | |
| ALAN | Feb 18 13, 11:26 Post #1 |
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Jan 31 (Reuters) - Schlumberger Ltd, the world's largest oilfield services company, said on Thursday it would wind down operations in Iran this year after booking $208 million in net income there in 2012. While the company did not go into specifics, the decision comes as it faces a previously announced U.S. grand jury and regulatory probe of its activities in Iran, Syria, North Sudan and Cuba, which are all subject to government sanctions or restrictions. Schlumberger said it had not bid on any new Iranian oilfield work since March 2009, though some non-U.S. affiliates had been doing work for the National Iranian Oil Co or its affiliates. Revenue in 2012 from this work totaled $418 million. "Schlumberger intends to discontinue such activity in Iran in 2013 and is currently winding down its operations there," the company said in its annual report, released on Thursday. Smith International, shortly before being taken over by Schlumberger, announced in 2010 it was actively pursuing the termination of all activities in Iran and Sudan because the U.S. government had imposed economic sanctions or other restrictions. In the fourth quarter, Schlumberger recorded revenue relating to the Iran activity of $92 million and net income of $48 million. The company's overall fourth-quarter net income was $1.37 billion, on revenue of $11.17 billion. |
| Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time. | |
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| ALAN | Feb 18 13, 11:27 Post #2 |
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:lolz: they should also quit i-rack, since it is becoming a province of iran |
| Russian Girenak Joseph, who visited Kirkuk in Kurdistan as a part of his tour throu the 1870 - 1873 AD, who published the results of his trip & his studies later in 1879, in the 4th volume in the Bulletin of the Caucasus department of the Royal Geographical Russian Society estimated Kirkuk's population as many as 12-50,000 people, & he emphasized that except 40 Christian families, the rest of the population were Kurds. As for The Turkmen & Arabs, they have not been already existed at the time. | |
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7:32 PM Jul 11