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Halliburton to relocate world headquarters to United Arab Emirates

Seoul News.Net
Monday 12th March, 2007

Halliburton has announced it is relocating its headquarters to Dubai, in the United Arab Emirates.

The announcement was made at a regional energy conference in the Kingdom of Bahrain on Sunday. Halliburton Chairman, President and Chief Executive Officer Dave Lesar will move to Dubai to head the company's efforts in growing the company's business in the Eastern Hemisphere.

The company will continue to maintain a corporate office in Houston.

Halliburton, the company formally headed by U.S. Vice President Dick Cheney, was an exclusive service provider for a range of services to the United States Military. It came under scrutiny for the manner in which it was awarded contracts, mostly without tenders being called. The company also came under fire for over-charging the military for a part of their services.

Halliburton was initially appointed to provide a report on potential outsourcing for the military back in 1991. It subsequently recommended a range of services be outsourced. It then entered into a contract with the military to become its exclusive contractor. The commissioning of the initial consultancy, and the negotiation of the exclusive contract, was carried out under the then-Secretary of Defense, Dick Cheney. Cheney finished up as defense secretary in January 1993 and in 1995, was appointed CEO of Halliburton. He was later elevated to Chairman, both positions he held prior to becoming Vice President.

Most military contracts were negotiated and awarded to Halliburton subsidiary Kellogg Brown and Root. Shortly after taking over as CEO of Halliburton, Cheney sacked the then-CEO of Kellogg Brown and Root and appointed Lesar to the position. Lesar took over as CEO, President and Chairman of Halliburton when Cheney stepped down in July 2000. The subsidiary's name was later changed to KBR, Inc., Halliburton is presently disposing of the subsidiary, partly by exchanging KBR shares for Halliburton stock from existing stockholders.

Halliburton says the opening of a headquarters in Dubai is the next step in a strategic plan announced in 2006 to focus on expanding its customer relations with national oil companies while concentrating more of the company's investments and resources in growing its business in the Eastern Hemisphere.

Based in Dubai, Lesar will work closely with Halliburton Eastern Hemisphere Senior Vice President Ahmed Lotfy to develop the company's activities in the Middle East, Africa, the Asia Pacific and Europe/Eurasia regions.

In 2006, more than 38 percent of Halliburton's US$13 billion oil field services revenue was generated from the Eastern Hemisphere, an area encompassing four regions with more than 16,000 employees, more than 80 percent of which are localized.

Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. It has been active in the Eastern Hemisphere energy services market since 1926.

 

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Comments on this story

Arab
03-12-07, 03:38 AM

Halliburton to relocate world headquarters to United Arab Emirates

Zionist New World Order.

Arab
03-12-07, 06:00 AM

Who directs the directors of OPEC jew?

Bill Jensen
03-12-07, 06:02 AM

Makeover of the new Hallburton

Looks like to company is looking for a new image. Relocating to Dubai though makes sense as it is a nerve center for the oil and gas business, whereas Houston is a bit out of it now. Changing the name of Kellogg Brown and Root to KBR didn’t go far enough. They should have changed the name altogether notwithstanding its roots (no pun intended) which go back many decades. It has probably come the time for Halliburton to change its name to really do the job properly.

Barratt
03-12-07, 06:03 AM

Cheney should have got out of this company by now

Cheney should have sold his stock and options too, not just to a 'blind trust.'

tulips
03-12-07, 08:50 PM

Halliburton Relocating World HQ to Dubai

Wonder how Osama’s relatives feel about that one, since they live there too!

blackbanker
03-13-07, 10:35 AM

treaty

Did the usa just sign a treaty with dubai that it would not transfere war crimnals or crimnals in general from country to country?

waltky
03-12-07, 04:34 AM

Sounds more like OPEC new world order - they ain’t movin' to Israel.
:rolleyes:

Anonymous
03-12-07, 09:56 AM

Darn jews

Arab;19048:
Zionist New World Order.



Last I looked the UAE is not exactly Jew friendly.
I think your racism and bigotry has blinded you.

Like it or not Israel is a small cog in the wheel of life and is not running the world.

Anonymous
03-13-07, 03:29 PM

Rather the Zionist new world order then

Arab;19048:
Zionist New World Order.



The Muslim new world order.

galljdaj
03-12-07, 08:49 AM

Just moving closer...

There are a number of reasons for the move! Not a single reason is to help 'People'.

Increase Profits!

And how does moving to Dubai increase “Profits”? Lower Saleries will be paid to support Staff! Lower cost to recruit Drivers and Cooks for the soon to second largest army in the World!

Looks very much like a plan to take over the World’s Largest Military Base, and the World’s largest Embassy! Then there are the Missing Funds, i.e., missing Iraqi Moneies! Much easier to put into the 'Pocket' without messy Peoples' Congressional Investigations! Much easier to evade War Crimes Charges! And most of all to escape the rising cost in the USA!

This is a move to insulate and increase! Part of the New World Order!

Anonymous
03-12-07, 09:54 AM

Wrong the missing money you spout about

galljdaj;19070:
There are a number of reasons for the move! Not a single reason is to help 'People'.

Increase Profits!

And how does moving to Dubai increase “Profits”? Lower Saleries will be paid to support Staff! Lower cost to recruit Drivers and Cooks for the soon to second largest army in the World!

Looks very much like a plan to take over the World’s Largest Military Base, and the World’s largest Embassy! Then there are the Missing Funds, i.e., missing Iraqi Moneies! Much easier to put into the 'Pocket' without messy Peoples' Congressional Investigations! Much easier to evade War Crimes Charges! And most of all to escape the rising cost in the USA!

This is a move to insulate and increase! Part of the New World Order!



Twelve billion is being used to fund counter insurgency fighters.
We the US are back to the old your enemies enemy is our friend.
Except of course now the friend we are funding is still our enemy.
Confused?
I am talking about Al Quieda fighters or cells aligned with Al Quieda.
I wish we the US would learn our lesson and let the people over there in hell sort it out for ourselves.

HMmm Dubai port world and US ports Bush attempts to ram that deal down our throats. Now this deal.
Seems the United Arab Emirates is a regular vipers nest.

galljdaj
03-12-07, 02:58 PM

Halliburton second to leave...

Halliburton is the first announcement, but the second major Profittaker to leave the US.

The directions of travel for these major profittakers has all the earmarks of World Monopoly, and both groups are major player in the PNAC. The PNAC BEING THE gROUP THAT: Put in Place the Middle East Wars. Now both groups are leaving Their Huge Debt AND Destruction behind them, and Moving to new places to suck out Profits! Leaving Peoples to suffer... !

The First Group, 'Carlyle', received permission to purchase 100 exclusive Homes in Shanghai, China. 100 HOMES AT 1 MILLION Each! Such a purchase is not Legal in China, so Carlyle got 'permission'! I believe Bribes were paid!

But, Bribes are not my point, the carving up of the World is my point. The Monopoly of the World Resources is what the powerful pUNDITS ARE DOING!

AlexJonesisakook
03-12-07, 08:29 PM

Another Alex Jones listener.

galljdaj;19110:
Halliburton is the first announcement, but the second major Profittaker to leave the US.

The directions of travel for these major profittakers has all the earmarks of World Monopoly, and both groups are major player in the PNAC. The PNAC BEING THE gROUP THAT: Put in Place the Middle East Wars. Now both groups are leaving Their Huge Debt AND Destruction behind them, and Moving to new places to suck out Profits! Leaving Peoples to suffer... !

The First Group, 'Carlyle', received permission to purchase 100 exclusive Homes in Shanghai, China. 100 HOMES AT 1 MILLION Each! Such a purchase is not Legal in China, so Carlyle got 'permission'! I believe Bribes were paid!

But, Bribes are not my point, the carving up of the World is my point. The Monopoly of the World Resources is what the powerful pUNDITS ARE DOING!




It becomes more clear why you post what you do.

Anonymous
03-12-07, 09:58 PM

Good riddance

I hope they take that f__ken Cheney with them, and all of the Bush family too, including Barbara. let the Arabs Royal family love them and help them steel more money.

Anonymous
03-13-07, 12:16 AM

You

Unregistered;19153:
I hope they take that f__ken Cheney with them, and all of the Bush family too, including Barbara. let the Arabs Royal family love them and help them steel more money.



Should jump on a boat and go ever there as well the US will be better off for it.

Anonymous
03-13-07, 12:47 AM

Unregistered;19161:
Should jump on a boat and go ever there as well the US will be better off for it.



You stupid republicans simply can not admit that Bush, his family & his gang shafted you up the, where the sun does not shine. He has ruined this country and you idiots got nothing of what you wanted. Dump S O B’s.

Anonymous
03-13-07, 10:04 AM

Has nathing to do with political party affiliation

Unregistered;19162:
You stupid republicans simply can not admit that Bush, his family & his gang shafted you up the, where the sun does not shine. He has ruined this country and you idiots got nothing of what you wanted. Dump S O B’s.



It has more to do with making the position of President a complete joke.
Attacking a sitting President on every issue is bad for our country.
Holding him accountable is fine if someone has proof of wrong doing they should bring it forth and take him to court.
Peoples comments and opinions and constant negativity simply because they don’t like the guy is getting really really old and it’s tearing this country apart.
How are we ever going to get another president worthy of the position after the last two have been so ripped apart by the media?
Who would want the job?

The old saying about having nothing nice to say don’t say anything at all rings loudly.

yukon
03-13-07, 04:57 PM

blackbanker;

blackbanker;19219:
Did the usa just sign a treaty with dubai that it would not transfere war crimnals or crimnals in general from country to country?




Why not research it and tell us? Or are you another of the paranoid CT’s?

yukon
03-13-07, 04:55 PM

Halliburton to relocate

Unregistered;19250:
The Muslim new world order.



Paranoia seems to be running rampant among the antis and moonbats again. Halliburton is the world’s largest oilfield services contractor. Since the envirowhackos have virtually eliminated exploration and extraction in this country why wouldn’t Halliburton move to an area where their business interests are concentrated?

Anonymous
03-13-07, 05:15 PM

Naw Yukon I respect your opinion and posts but this is pure greed

yukon;19256:
Paranoia seems to be running rampant among the antis and moonbats again. Halliburton is the world’s largest oilfield services contractor. Since the envirowhackos have virtually eliminated exploration and extraction in this country why wouldn’t Halliburton move to an area where their business interests are concentrated?



They even said doing so would save them a fortune in US taxes.
This is greed pure and simple.

-RWN-

Once they do this all contracts to them should be pulled and huge tariffs need to be imposed on all imported goods.

yukon
03-13-07, 05:29 PM

-rwn-

Unregistered;19262:
They even said doing so would save them a fortune in US taxes.
This is greed pure and simple.

-RWN-

Once they do this all contracts to them should be pulled and huge tariffs need to be imposed on all imported goods.



When Chrysler moved its headquarters to Germany should we have penalized them? How many employees would it have affected in the US? Same questions apply with Halliburton. I believe they have in access of 100,000 employees worldwide, some are here, north of 60, in the oilpatch. If my business concentration moved and I could save millions moving, I’d be a fool not to move. I would not be serving the interests of my stockholders and employees. It may not sit well, but this is a very competetive global economy and not everyone is going to be a winner or happy.

Anonymous
03-13-07, 06:01 PM

O.K.

yukon;19267:
When Chrysler moved its headquarters to Germany should we have penalized them? How many employees would it have affected in the US? Same questions apply with Halliburton. I believe they have in access of 100,000 employees worldwide, some are here, north of 60, in the oilpatch. If my business concentration moved and I could save millions moving, I’d be a fool not to move. I would not be serving the interests of my stockholders and employees. It may not sit well, but this is a very competetive global economy and not everyone is going to be a winner or happy.



I am no moonbat nor am I a gibbering conspiracy fool but when George Bush is pushing for Dubai’s port world to take over US port management which by the way was shot down heavily and he quietly tries to push the same garbage again months later and now Halliburton wants to move to the same country and city it tends to send red flags.
No way around it something besides pure profits are at work here.

No company based outside the US should have access to US contracts that require secret clearance if Halliburton chooses to base themselves outide US jursidiction then they should not be afforded lucrative contracts that the US tax payer must pay for.


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