Halliburton says will exit Iran when work complete

Halliburton says will exit Iran when work complete




REUTERS
12:05 p.m. January 28, 2005

HOUSTON – U.S. oilfield services company Halliburton Co. will pull out of Iran after its current contracts there are wound down, its chief executive said Friday, citing a poor business climate in the Islamic Republic.

Halliburton reports smaller loss for fourth quarter



"The business environment currently in Iran is not conducive to our overall strategy and objectives. As a result, we have decided to exit Iran and wind down our operations there while fulfilling our existing contracts and commitments," CEO Dave Lesar said on a conference call with investors.

The Houston-based company, formerly headed by Vice President Dick Cheney, has also been criticized for its work for the Pentagon in Iraq, where it is the largest private contractor with revenues totaling more than $10 billion.

The company is under investigation by the U.S. Justice Department for possible overcharges for fuel and food services connected to its Iraq contracts.


snip http://www.signonsandiego.com/news/business/20050128-1205-energy-halliburton-iran..html

early 2075.

Watch for the bombs to drop the day after Halliburton leaves.

When the coffers are wrung dry.

what do they have to get the livestock in the barn before the b52s come over the horizon-wtf?

depletion of the oil fields.

It's so obvious what's going on here. They are pulling out before the bombs fall.