Violation Tracker Individual Record

Company: 
Statoil ASA
Current Parent Company: 
Equinor
Penalty: 
$10,500,000
Year: 
2006
Date: 
October 13, 2006
Primary Offense: 
Foreign Corrupt Practices Act
Violation Description: 

Statoil ASA, headquartered in Norway, acknowledged making bribe payments to an Iranian official in order to secure valuable oil and gas rights in Iran in violation of the anti-bribery and accounting provisions of the Foreign Corrupt Practices Act. It agreed to pay a $10.5 million penalty and to enter into a three-year deferred prosecution.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Criminal Division
Civil or Criminal Case: 
criminal
Prosecution Agreement: 
deferred prosecution agreement
HQ Country of Parent: 
Norway
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
oil and gas
Specific Industry of Parent: 
oil & gas
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.