Non-US subsidiaries of the Paris-headquartered company brought in net income of $208 million on revenue of $418 million in 2012 on business with the National Iranian Oil Company (NIOC) and its affiliates, it said.
“Schlumberger intends to discontinue such activity in Iran in 2013 and is currently winding down its operations there,” the company said in its annual report to the US Securities and Exchange commission.
Western
