Halliburton Finishes Work in Iran

[brooklynite]

Source: CNBC

Halliburton said all of the commitments of its subsidiary doing business in Iran have been completed and it is no longer working in the country.

In January 2005, the company once headed by U.S. Vice President Dick Cheney announced it would not accept new work in Iran but would complete its existing contracts there.

The U.S. Department of Justice subpoenaed documents from Halliburton in July 2004 for an investigation into the legality of contracts its Cayman Islands-registered Halliburton Products & Services Ltd unit held for work with the state-run National Iranian Oil Company.

U.S. companies are forbidden under U.S. law from doing business in Iran dating back to sanctions imposed after the 1979 Islamic revolution when student fundamentalists held 52 American hostages for 444 days.

Read more: http://www.cnbc.com/id/18024281

---

I guess it doesn't count as supporting terrorism as long as its just business...

[paparush]

1. Do they get to keep the change?

[youngdem]

2. Bombs away, then.

Perhaps this is what they were waiting on, as well as the positioning of additional carrier groups.

[Up2Late]

5. Exactly, I think I felt a lot safer when they were still there.

Now it's time to "finish up," then bomb all the work they just did, then go back and fix it all again. :grr:

[Buzz Clik]

3. So, we're having a pissing match with Iran, and Halliburton is sneaking out.

Great.

Recall that Cheney fought like crazy to get Congressional approval for Halliburton to work in Iran back when it was illegal. And now they are leaving?

This is not a good sign.

[ohio2007]

4. Maybe sanctions are the writing on the wall

Haliburten is getting out under the wire?
Time will tell just how much business ventures they turned over to a third party.

[Buzz Clik]

7. good point.

[shanti]

8. it is NOT a good sign - exactly.

their "work" is done alright...:eyes:

[superconnected]

6. Now it's United Defense' turn. Bet they're loading the bombs as I type.

[Rosa Luxemburg]

9. so why was Halliburton subsid doing work in Iran when it was forbidden?

[w4rma]

12. I want to know that too. (nt)

[Rosa Luxemburg]

13. one of those offshore subsids registered in the Cayman islands

how convenient!

[lpbk2713]

10. Does that mean all the oil has been sucked out of the ground?

So maybe Smirky and Deadeye Dick will be less vocal now that they have made all the profit there is to be made.

[democrat2thecore]

11. Have they cleaned out the cupboards? -NT-

[Heidi]

14. Kick.

:kick:

[Judi Lynn]

15. Halliburton wraps up in Iran

Source: Houston Chronicle

April 10, 2007, 1:57AM
Halliburton wraps up in Iran


By BRETT CLANTON
Copyright 2007 Houston Chronicle

Halliburton said Monday it has completed all work in Iran and has left the country, making good on an earlier pledge to exit the Middle Eastern nation once it served out its last contracts there.

The announcement comes more than two years after Halliburton said it would depart Iran and as tensions rise between the West and a nation President Bush has identified as part of an "Axis of Evil."

On Monday, Iran drew threats of additional U.N. sanctions and wide condemnation from the West after announcing it had dramatically expanded its nuclear program. Relations are also cooling after Iran held and then released 15 British sailors recently.

Halliburton, along with other U.S. firms such as General Electric Co. and Houston's Dresser-Rand Group, have faced sharp criticism for doing business through affiliates in countries subject to U.S. government sanctions. The company's move to quit Iran now leaves the remaining American companies alone to deal with the political pressures of operating in such countries.



Read more: http://chron.com/disp/story.mpl/front/4700653.html

[DrDan]

16. so which of their subsidiaries will take over the work???

[ohio2007]

18. Maybe the Chinese affiliates have won the contracts

They and their Indian competetors are turning it up a notch to win oil contracts in Iraq,seems they are a sure thing in Iran also.

[benld74]

17. Isn't it interesting that Halliburton states it has finished work,,,

the same week that Iran states it is ready to begin in earnest its nuclear making capabilities. Wonder where they got their ability from?

[ohio2007]

19. Not Russia

<snip>

Iran said Monday it has begun operating 3,000 centrifuges - nearly 10 times the previously known number - in defiance of U.N. demands that it halt its nuclear program or face increased sanctions. The United States, Britain, France and others criticized the announcement.

Russia was unaware, however, of "any recent technological breakthroughs in the Iranian nuclear program that would change the format of its enrichment effort," Foreign Ministry spokesman Mikhail Kamynin said in a statement. The Russian government helped built Iran's only nuclear reactor and knows its nuclear program well.

<snip>

U.S. experts say 3,000 centrifuges are, in theory, enough to produce a nuclear weapon, perhaps within a year. But they doubted Iran had so many of them operational, a difficult technical feat given the country's patchy success with a much smaller number.

Iran's President Mahmoud Ahmadinejad claimed Monday that his nation had "joined the nuclear club of nations and can produce nuclear fuel on an industrial scale" - comments suggesting Iran was able to produce enough enriched uranium to fuel a nuclear reactor consistently. Vice President Gholamreza Aghazadeh said that Iran would install 50,000 centrifuges.


<snip>

http://story.news.ask.com//article/20070410/D8ODQB300.html

Maybe the Pakistani nuclear scientists that were kidnapped ( err...gone missing ) could give us some clues. If only we could find a journalist that could reach them.


http://zeenews.com/articles.asp?aid=358644&archisec=WOR&archisubsec

[LeftHander]

20. They finished the 3000 centrifuges....nt