Halliburton is connected to Dubai based subsidiary PORTS for cheney

[greenbriar]

While waiting on my gums to get numb at the dentist, I was reading in Fortune magazine the FEB 7th issue on page 18.

Halliburton and ORiental Kish Oil won a contract in January to drill for gas in IRAN

Oriental Kish contracted out the work to Halliburton Products & services LTD., or HPSL A DUBAI-BASED SUBSIDIARY works solely in IRAN

[MadMaddie]

1. Surprise...Surprise...Surpise

Another connection.....

[greenbriar]

2. you knew there had to be something

!

someone needs to tell this to OLBERMAN

[spuddonna]

4. And Lou Dobbs... n/t

[tinfoilinfor2005]

27. Yes, we are all in shock...

not.

[spuddonna]

3. Uh... Aren't U.S. companies forbidden to do business in Iran?

Sanctions? Remember those pesky sanctions?! I thought Helliburton was supposed to pull their ops from Iran back in 2005?!

But I guess quotes like these are pointless:"We don't want American companies propping up a government that's dedicated to our destruction," says Sen. Collins.
http://msnbc.msn.com/id/7119752/

Hey, Unca Dick! Just changing your corp. name/acronym doesn't mean it isn't the same crooked company we've all come to know and hate! :mad:

[hang a left]

5. I read a claim a couple of days ago

That Halliburton says it has nothing to do with Halliburton Services. Of course you know that is bullshit.

[greenbriar]

7. I will post more later

have to do PTC conferences for the next 4 hours

[spuddonna]

13. Check this out...

http://money.cnn.com/magazines/fortune/fortune_archive/2005/02/07/8250445/

"Under U.S. law, a foreign subsidiary can legally operate in Iran if it acts independently of its parent and has no American executives. In addition, there's a $40 million limit on how much a non-U.S. company can invest in Iran. Halliburton spokeswoman Beverly Scippa told FORTUNE that HPSL's new contract is worth "between $30 million and $35 million over the next three years."

Nevertheless, Halliburton is under grand-jury investigation for possible sanctions violations in Iran. U.S. Treasury officials began their probe in 2001 after HPSL was found to share its Dubai address and telephone number with Halliburton. Senator Lautenberg plans in February to reintroduce legislation--defeated in the Senate by one vote last year--to ban foreign subsidiaries of U.S. companies from doing business in Iran. Meanwhile, the oilmen in Texas are likely to use the loophole as long as it exists. -- Vivienne Walt in Tehran "

Nice, eh? I wonder who the 'figurehead' is in Iran for this subsidiary?

[greenbriar]

6. they found loopholes. When I have more time, I will type more of the

article. I pulled it out of the magazine.

but I have parent teacher conferences for the next 4 hours. Unfortuantley the parents I need to come won't and the over-achievers will have their parents come for that 10 points extra credit to boost their grade to 125% :)

[spuddonna]

10. Hey! I'm one of those parents! (The latter...)

What do my kids get if I send in rice crispy treats? ;)

[greenbriar]

12. my eternal gratitude. check ya later

thanks for finding the article on line.

[spuddonna]

15. Good luck! :) n/t

[spuddonna]

8. I found the web copy of that article...

Wonder if this UAE port scam is all part of a larger deal Dick and Friends cooked up? Make it easier to get his oil out of Iran?

http://money.cnn.com/magazines/fortune/fortune_archive/2005/02/07/8250445/

HALLIBURTON'S TEHRAN HIDEAWAY
(FORTUNE Magazine)
By Vivienne Walt in Tehran
February 7, 2005

(FORTUNE Magazine) – "HALLIBURTON!" CHIRPED THE employee who answered the telephone in Tehran. Tehran, the capital of the Islamic Republic of Iran, part of the "axis of evil"? Yes, the company was a tenant, confirmed the guard in the lobby of a building on Bucharest Street when we dropped in one recent afternoon. The staff rarely invited guests up to their tenth-floor offices, said the guard, and the company's name was not among those displayed on the lobby wall. Halliburton finally dispatched two Iranian staff members to ask this reporter to leave. Said the guard softly: "We're not too sure what the company is up to."
snip
So are U.S. companies tiptoeing back into Iran, ten years after Bill Clinton imposed sanctions? Iran's deputy petroleum minister for international affairs, Hadi Nejad Hosseinian, certainly thinks so: "The U.S. oil companies are in touch with us," he told FORTUNE in his office in Tehran. "American companies are very interested in investing in Iran," he said, adding that a top U.S. oil executive, unnamed, visited him in Tehran last summer. "They want to show their objection to the U.S. administration." In Halliburton's case, it says Oriental Kish contracted out the work to Halliburton Products & Services Ltd., or HPSL, a Dubai-based subsidiary registered in the Cayman Islands, which works solely in Iran. "These entities and activities are staffed and managed by non-U.S. personnel," says company spokesman Wendy Hall. "Halliburton's business is clearly permissible." A second Houston oil services company, Baker Hughes, is weighing doing part of the work with Oriental Kish, according to sources close to the talks.

[greenbriar]

9. thanks! That is the one

great job.

[spuddonna]

11. No problem! Great article... n/t

[greenbriar]

14. keep this kicked and recorded. Catch ya after 9 pm

thanks

[Marie26]

16. That's the beauty of the UAE trade deal

That deal creates a free trade zone that allows foreign corporations to base there w/o a sponsor. Once a corporation is officially based in the UAE, voila, US trade sanction laws no longer apply. Defense contractors can deal w/Iran or Syria all they want. (Too lazy to link, there's been various threads about it).

[spuddonna]

17. What a sweetheart deal!

No wonder they want this port deal closed. Gotta get the contract signed and sealed...

Here's what I don't get. Condi is out banging the war drums against Iran. Why threaten to attack Iran when you've got all these deals going on the backburner? :shrug: Is Condi not a player in this?

Or is war with Iran another pure greed move? We invaded Iraq, and Helliburton took control of the oil fields. Is war with Iran just a more 'secure' way of controlling those oil fields?

[spuddonna]

19. Has anyone sent links on UAE/Halliburton to KO or Dobbs? n/t

[greenbriar]

30. have they mentioned it yet?

this needs blown wide open

[spuddonna]

31. lol You are asking the wrong person...

No CNN or MSNBC, other than the clips I can pull off the web! :) Sorry!

We're students - had to drop expanded cable. The only thing we get is CSPAN now.

[spuddonna]

32. I did email Lou Dobbs, KO, and Cafferty for the record though! n/t

[Independent_Liberal]

18. Come on! Help us blow Halliburtongate wide open!

Cheney, you're finished!

:)

[JCMach1]

20. What does this have to do with ports>?

It may very well be a violation of the Iranian embargo,,, but that's Halliburton's problem. There is no such embargo here.

[spuddonna]

21. I'm no trade expert...

But here's my guess...

Halliburton is catching flak because it is doing business in Iran, which is against sanctions. I'll bet they'd love to do business with whomever they could get oil from over there... Syria, Iran, etc.

As a Dubai based subsidiary, HPSL (Halliburton) won't have to worry about these restrictions because this port deal creates a 'free trade zone'. It would allow Helliburton to do business with whatever country it wanted, without sanction restriction... And that is why they want this deal to close.

[JCMach1]

22. Freezones already exist here... my reading of this

is that they are simply running the deal through the subsidiary.

Which I think has nothing to do with the port deal, but is interesting none the less...

[spuddonna]

25. Well, I'm assuming from your 'here'...

... that you are 'there' - in the UAE? :)

As someone who lives 'there', do you have any theories as to why Bush n Dick would be chasing this so hard?

[demgurl]

23. I posted the following yesterday....

but only one person seemed interested. Oh well.

I have been doing a bit of research and it would appear that an offshoot of Halliburton resides in Dubai. It would also appear that Cheney had dealings with Dubai when he was with Halliburton. I have no doubt that * would get something from this deal but I believe that Cheney may be the driving force behind all of this.

http://www.forbes.com/free_forbes/2004/0412/086_2.html

Trading With The Enemy
<snip>
Halliburton, for example, manages to do business with Iran obliquely. Its Dubai-based affiliate, Halliburton Products & Services Ltd., allegedly has no Americans on staff; the Houston oil services company claims it has no direct ownership of the operation. Nevertheless, FORBES has obtained documents showing how Kala Ltd., the British arm of the National Iranian Oil Co., solicited at least 17 separate bids from the affiliate during 1997 and 1998 (when Vice President Cheney was Halliburton's chief executive). A few bids include handwritten notes that say "FOB Dubai Airport" or "FOB Dubai port"--meaning that the U.A.E. was just a way station between Halliburton and Tehran. Halliburton would not comment on the bids. In any event, earlier this year the Treasury Department reopened a 2001 inquiry into Halliburton's Iran operations and its Dubai-based partner.
<snip>

<snip>
Dubai, for its part, is happy to wink and look the other way. Last month the emirate's de facto ruler, Sheikh Mohammed bin Rashid Al Maktoum, met with Juster about the possibility of putting export controls on the books. The process would take at least five years and "would require drafting laws and regulations, establishing a licensing and enforcement process and training personnel," says Juster.
<snip>

<snip>
So what's Uncle Sam's excuse when it comes to cracking down on nuclear proliferation? Can't we persuade the United Arab Emirates to police their middlemen? Apparently much of it comes down to docking privileges for U.S. forces and American arms sales ($8.1 billion from 1995 to 2002) to the U.A.E. Forcing the issue "would be incredibly stupid," says a source at the U.S. Embassy in the U.A.E. "This is the one friend we have in the Gulf, except Kuwait."
<snip>

[spuddonna]

24. Thanks! I didn't see this yesterday...

So, the best 'backroom deals' I can think of after reading all this are:
1) Cheney & Pals do this to ease their transport of oil out of Iran. UAE has no paper trail - eases the flak Helliburton gets from Congresscritters...
2) Create a new launching point for arms trafficing to the Middle East, while at the same time securing UAE ports to use as staging areas in the next war (Iran, Syria, etc)...

Your thoughts? Comments? Virtual rotten tomatoes to toss? :7

[magellan]

26. Here's a Newsweek article about the Hallibuton subsidiary/Iran deal

The article was updated in 2005 but originally appeared online in 2003. Among other things it explains the loopholes Halliburton used to get its subsidiary HPSL into Iran.

There's probably some link between Halliburton/HPSL's $30-35 million oil operation in Iran and the secret port deal. It's very likely a compelling factor in BushCo's desire to wage war in Iran. For instance, I wonder if Halliburton/HPSL's office in Tehran has been allowed to remain open since crazy man Ahmadinejad took control last year...?

IMO, no one who voted for Bush** should be surprised by the port deal, or has the right to complain about it. If you voted for Bush** you let this happen with your blind support of a party which is as corrupt as the day is long, all to serve your own ignorance-ridden selfish interests. And the fact so many of you still think this is ALL Bush**'s administration has done wrong only furthers the point.

Business As Usual?

Halliburton’s CEO says his company is pulling out of Iran. But a corporate subsidiary is still going ahead with a deal to develop Tehran’s natural gas fields

WEB EXCLUSIVE
By Michael Isikoff and Mark Hosenball
Newsweek
Updated: 6:10 p.m. ET Feb. 16, 2005

Feb. 16 - Only weeks before Halliburton made headlines by announcing it was pulling out of Iran—a nation George W. Bush has labeled part of the “axis of evil”—the Texas-based oil services firm quietly signed a major new business deal to help develop Tehran’s natural gas fields.

Halliburton’s new Iran contract, moreover, appears to suggest a far closer connection with the country’s hard-line government than the firm has ever acknowledged.

The deal, diplomatic sources tell NEWSWEEK, was signed with an Iranian oil company whose principals include Sirus Naseri, Tehran’s chief international negotiator on matters relating to the country’s hotly-disputed nuclear enrichment program—a project the Bush administration has charged is intended to develop nuclear weapons.

more....

[greenbriar]

28. gets deeper and deeper all the time

hum

[greenbriar]

29. one last kick before bed time

I think this is important and why bush is so stuck on this deal