NOV Pays $25 Million over Alleged Trade Sanctions Violations
Federal prosecutors in Houston have officially agreed to allow National Oilwell Varco to avoid criminal and civil prosecution for dozens of trade sanction violations the Houston-based oil and gas driller allegedly committed in Iran, Cuba and Sudan. NOV signed a non-prosecution agreement on Nov. 9, which requires the company to pay $25 million in fines. The Texas Lawbook has the details.




