DoJ Hits PetroChina With Fine for U.S. Export Law Violation

The U.S. Department of Justice has issued a fine of $14.5 million to PetroChina following allegations that it broke U.S. export law and a five-year investigation. According to the United States Attorney’s Office for the Southern District of Texas, PetroChina “had reported inaccurate information in the Automated Export System, an electronic database that exporters use to declare international exports from the United States.” “Specifically, PCIA misclassified more than $32 million of ultra-low-sulfur diesel fuel as mineral…