HALLIBURTON expands in India: Bush/Cheney POLITICAL MUSCLE cited

Abhinaba Das, Wednesday, May 10, 2006 (Mumbai): The world's leading oilfield services giant Halliburton has stepped on the gas to expand operations in India. A tie-up with ONGC will be the first stepping-stone and Halliburton will help ONGC increase oil output in three oil fields in Assam.

"We will work with ONGC on enhancing output. The exact details will be known only after we complete our studies of the oil fields," said Chas Charles, Country VP, India & Bangladesh, Halliburton. "We expect production to step up significantly. I expect production on Assam to double in three years. On oil and gas fields we have good news which we will give in due course," said Subir Raha, ONGC CMD.

The Bush administration is believed to be close to Halliburton. In fact US vice president Dick Cheney ran the company for five years till he joined the government. Halliburton's political muscle therefore is making it extra attractive to other oil and gas players and the company hopes to make some new alliances soon.

"We are looking at alliances with other companies including Reliance Petro, Cairns Energy and British Petroleum," said Charles. With the sharp increase in oil prices, oil exploration companies are now focussing a lot more on enhancing recovery. Halliburton says its tie-up with ONGC is just the beginning and it wants to strike alliances with private sector companies like Reliance and Cairn Energy in the coming days.

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When we exempted the Tawara Generation4 nuclear plant (and all subsequent Gen4s) from oversight and inspection, this was the natural progression.

Guess who's going to build all of those Gen4s?

You got it.

Halliburton, BP, and Reliant.

This is gonna cost us a fortune.

Just wait and see.

I doubt there will be adequate production to satisfy India's growing (growing, Hell - exploding) demand for petroleum products.

The US taxpayer will be underwriting a large percentage of this whole deal in the form of abatements and guaranteed return. Bet your ass on that.

edited due to my inability to spell 'BP'

You know it brother.

'At least those gays can't marry, and I would rather have a beer with Bush.'

Idiots.

control of this market. Besides, Dick promised Kenny Boy Lay he would in order to get his butt out of a fix in India. 9-11 was the PNAC kick-off.