Geopolitik Energi

April 9, 2007

Halliburton completes oil field projects in Iran

Halliburton completes oil field projects in Iran

The Associated Press Published: April 9, 2007

HOUSTON: Oil field services provider Halliburton Co., which announced in 2005 it would accept no new contracts in Iran but would honor existing agreements, said Monday it has completed all contractual commitments and is no longer working in the Middle Eastern country. The company’s announcement came on the same day Iranian President Mahmoud Ahmadinejad said his country was now capable of producing nuclear fuel on an “industrial scale,” expanding a nuclear program that has drawn U.N. sanctions and condemnation from the West.Dave Lesar, Halliburton’s chairman and chief executive, said in January 2005 the company would wind down operations in Iran, which were done through a foreign-owned subsidiary. Lesar said at the time the services provided were legal, and the company reiterated the point Monday.”Halliburton’s prior business in Iran was clearly permissible under applicable laws and regulations,” it said in a statement.

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