Monday, April 9, 2007

Halliburton Completes Work in Iran

US oil service giant Halliburton said today it has completed its contractual commitments in Iran and was no longer conducting any projects in the country.

Halliburton, headed by Dick Cheney before he became vice president, was involved in drilling for gas in Iran. It had won the contract even though a US law threatens sanctions on companies that invest over 40 million dollars in Iran’s energy sector.

Halliburton announced last month that it was relocating its headquarters to Dubai to capitalize on the Persian Gulf’s booming energy market.

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