DOJ orders PetroChina unit to pay $14.5M over export control violations

Oil barrels

PetroChina International America (PCIA) agreed to pay a fine and forfeiture of $14.5 million to settle charges with the Department of Justice (DOJ) that it violated U.S. export control laws.

PCIA, a subsidiary of PetroChina International, agreed to pay the penalty after authorities discovered evidence that the company reported inaccurate information in the government’s Automated Export System (AES), an electronic database that exporters use to declare international exports from the United States, the DOJ announced in a press release Tuesday.

The DOJ acknowledged the company fully cooperated with its investigation in reaching settlement, including certain compliance undertakings.

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