Randi Rhodes Forums

"According to federal government records, Maersk has earned $4 billion in U.S. government contracts over the past decade, more than 90 percent of which were with the Defense Department. Komatsu has earned nearly $40 million in the same period, with almost 90 percent from Defense Department work.

United Against Nuclear Iran alleges that both firms are in violation of the sanctions provision that restricts firms from knowingly investing in Iran's energy sector. Under the law, businesses cannot make annual investments of $20 million or more that enhance the country's petroleum development and cannot provide goods or services worth $5 million or more that support the oil and gas sector. The law prescribes a host of sanctions for the president to impose on any violators, including the severance of federal government contracts."

FULL REPORT:
http://www.foxnews.com/politics/2010/07 ... og-claims/

That and China has given the U.S. a major headache by ignoring the sanctions on Iran as well.




http://www.tradearabia.com/news/newsdet ... tid=183898

China invests over $40bn in Iran oil, gas sector
Iran's main economic partner China has invested more than $40 billion in the Islamic republic's oil and gas sector, according to a senior Iranian official.

'The volume of Chinese investment in upstream projects is more than $29 billion,' Noqrehkar Shirazi told Mehr news agency, adding that Beijing had signed contracts worth another more than $10 billion in petrochemicals, refineries and oil and gas pipeline projects.