Euroturbine BV

Euroturbine BV (“Euroturbine”) reportedly agreed to exhibit at the 22nd International Oil, Gas, Refining, and Petrochemical Exhibition (the “Exhibition”) that took place in Tehran on May 6-9, 2017.(Iran Oil Show Website, “Exhibition Information”). (http://iran-oilshow.ir/English/)

"A court in the southern province of Limburg convicted Euroturbine BV on Monday of setting up shell construction companies aimed at avoiding Dutch export license requirements that were tightened in 2009. The Dutch company was fined 500,000 euros ($565,383) and a Bahrein-based subsidiary 350,000 ($395,800). The Limburg Court says the shell constructions were set up “so that gas turbine parts could still be sold to clients in Iran.” The court statement did not identify the clients." (AP, 2/19/2019). (https://apnews.com/bf192db130a144b1926d5c4a0fd7dc98)

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