Halliburton winds up Iran work US oil services giant Halliburton said Monday it had wrapped up its work commitments in Iran and was no longer conducting any projects in the Islamic republic.
Halliburton announced in January of 2005 that it was shutting-down its Iran operations, but would honor existing "contractual commitments" until they were fulfilled.
"Halliburton announced today that all of its contractual commitments in Iran have been completed and the company is no longer working in Iran," the firm said in a brief statement.
The company, headed by Dick Cheney from 1995 to 2000 before he became vice president, added that its "prior business" in Iran was "clearly permissible under applicable laws and regulations."
Halliburton, which could not be reached for further comment, was involved in at least one contract to drill for gas in Iran in 2005 although the contract was subsequently cancelled by Iran's government.
It had won the contract even though a US law, dating to 1996, threatens sanctions on US and foreign groups that invest over 40 million dollars in Iran's energy sector.
Halliburton might be pulling out of Iran, which has troubled political relations with the United States, but it is boosting its footprint elsewhere in the region.
Halliburton announced last month that it was relocating to the United Arab Emirates to capitalize on the Gulf region's booming energy market.
Raw has it
8 comments:
Halliburton announced last month that it was relocating to the United Arab Emirates to capitalize on the Gulf region's booming energy market.
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Sure they are! Running away from all the pending bribe investigations! Remember this story??
Feds stall Halliburton bribe probe --bribes paid when Cheney was CEO
I posted that story a few days before the November elections.. Funny how the Dems are after these boys now? LOL
It's all coming back to haunt them in spades...
;)
GEF:
Yep, everything is coming full circle now!
Truth and Justice! ;)
The growing energy market in the UAR is LNG (liquid natural gas). We're fighting four proposed lNG ports on the Columbia river here.
LNG is not the answer, but they are sure pushing it with no regard for the risks involved.
Link
We're fighting four proposed lNG ports on the Columbia river here.
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Geezer:
How is that going?
Btw.. nice photo of beautiful Crater Lake on that site! I love that lake! ;)
GEEZERPOWER said...
The growing energy market in the UAR is LNG (liquid natural gas). We're fighting four proposed lNG ports on the Columbia river here.
LNG is not the answer, but they are sure pushing it with no regard for the risks involved."
They are also proposing building LNG terminals in Florida and Baja Mexico to supply the West Coast of the US.
Everything carries a risk Geezer and your correct LNG isnt "THE LONGTERM ANSWER"............................BUT it is a crucial transition technology along with wind and solar power to help us diversify away from oil and lower our dependency on imported oil and vulnerablility to oil shocks until we can transition to the next major energy source whether it is hydrogen or whatever.
Also LNG is much cleaner burning than oil and coal and contributes MUCH MUCH less to pollution and Global Warming.
Like Nuclear with the proper precautions and care measures implemented it is relatively safe.
Global_Evildoer_Fighter said...
It's all coming back to haunt them in spades...
;)"
Justice and accountability are great things AYE GEF?????
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