Halliburton plans move to Dubai by Khyron

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Halliburton plans move to Dubai

POSTED BY: KHYRON
UPDATED: Thursday, March 29, 2007 15:23
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Sunday, March 11, 2007 1:05 PM

FYI.

http://news.bbc.co.uk/2/hi/business/6440365.stm

"Halliburton, the oil services company formerly headed by US Vice-President Dick Cheney, is moving its headquarters from Texas to Dubai.

The company said it hoped the move to the United Arab Emirates would help it expand its business in the Middle East. Halliburton won valuable contracts in Iraq following the US-led invasion of 2003, some of which were awarded without competitive bidding. The company also has extensive operations in Saudi Arabia. The oil giant will keep an office in Houston but the posts of chairman, president and chief executive will be based in Dubai. Chief Executive Dave Lesar, speaking at a conference in Bahrain, confirmed that he would be relocating.

"As the CEO, I'm responsible for the global business of Halliburton in both hemispheres and I will continue to spend quite a bit of time in an airplane as I remain attentive to our customers, shareholders and employees around the world," he said. "Yes, I will spend the majority of my time in Dubai." In 2006, Halliburton made profits of $2.3bn on revenues of $22.6bn. Last month it announced a 40% decline in fourth-quarter profit."

The best argument against democracy is a five minute conversation with the average voter.

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Sunday, March 11, 2007 1:10 PM

CHRISISALL

The Middle East is the profit center for the next century, why not be close?

Blow it up.
build it up.
Blow it up.
build it up.
Blow it up.
build it up.
Blow it up.
build it up.

Redundant Chrisisall

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Sunday, March 11, 2007 1:23 PM

FUTUREMRSFILLION

As my less than tolerant Daddy used to say

Nuke em and turn the whole damn place into a glass factory.

----
Bestower of Titles, Designer of Tshirts, Maker of Mottos, Keeper of the Pyre, Owner of a too big Turnippy smelling coat with MR scratched in the neck (thanks FollowMal!)

I am on The List. We are The Forsaken and we aim to burn!
"We don't fear the reaper"

FORSAKEN original

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Thursday, March 29, 2007 6:02 AM

JAYNEZTOWN

They were also going to sell off US port security to those Dubai Arabs

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Thursday, March 29, 2007 3:23 PM

FREMDFIRMA

There's also that pesky threat of an investigation and a whole lot of missing money and stuff that got paid for and never built...

I'd say that was an incentive too.

-F

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