ExxonMobil used a European subsidiary, Infineum, in which it owned a 50% share, to trade with Iran, Sudan and Syria whilst these countries were under US sanctions, according to filings with the Securities and Exchange Commission. Sales of $53.2m to Iran, $$1.1m to Sudan and 600,000 to Syria took place between 2003 and 2005, during which time Rex Tillerson, Donald’s Trump’s nominee for secretary of State, was an executive at the oil company. Infineum, a joint venture with Shell, has offices in Singapore, the UK and the United States.
ExxonMobil used a European subsidiary, Infineum, in which it owned a 50% share, to trade with Iran, Sudan and Syria whilst these countries were under US sanctions, according to filings with the Securities and Exchange Commission. Sales of $53.2m to Iran, $600,000 to Sudan and $1.1m to Syria took place between 2003 and 2005, during which time Rex Tillerson, Donald’s Trump’s nominee for secretary of State, was an executive at the oil company. Infineum, a joint venture with Shell, has offices in Singapore, the UK and the United States.