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January 30, 2005

Halliburton Decides Iran Just Not Worth It

When existing contracts end, Halliburton will end its operations in Iran. While clearly under fire because of government contracts in Iraq, Halliburton came under more fire earlier this month after it was awarded another giant project to develop the world’s largest gas field, South Pars, in southern Iran. Halliburton has avoided US embargoes by basing its operations with Iran through the Cayman Islands. In addition to public disapproval, the company has been under pressure from its largest investors. The US attorney in Housten convened a grand jury in July last year to investigate Halliburton’s activities in Iran.

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Posted by Chris H. Anderson at 08:50 PM in International Trade | Permalink


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