Halliburton's busniess dealings in Iran

July 7, 2004 10:27 AM

Halliburton's business dealings in Iran: Waxman’s and Thompson’s complaints revolve around a Halliburton subsidiary called Halliburton Products and Services, which is based in Dubai and registered in the Cayman Islands, a tax haven in the Caribbean. As the Financial Times first reported, the subsidiary opened an office in Tehran in February 2000, when Cheney was still CEO of Halliburton. The subsidiary has sold $40 million worth of oil services in Iran.
Thompson, who is acting on behalf of the city’s pension funds, has asked Halliburton for clarifications about its business dealings in Iran, a country listed by the American government as a sponsor of terrorism and thus subject to stringent U.S. trade sanctions. Thompson claims that Halliburton has been using its subsidiary to circumvent a 1995 executive order barring American companies from doing business with Tehran.
posted by hoder (5 comments total)

Thompson has been great, and he's hitting companies where they live--in the moneybags. Of course, there's nothing Halliburton won't do to try to fill them.
(a previous post of mine on Thompson using the NYC pension fund billions for good)
posted by amberglow at 11:00 AM on July 7, 2004

aw, Haliburton makes me feel all warm in my tummy and happy, like goin' to Gramma's house, except that this Gramma has a forked tongue, but still.
posted by xmutex at 11:18 AM on July 7, 2004

Thompson, who is acting on behalf of the city’s pension funds, has asked Halliburton for clarifications about its business dealings in Iran...

So far he's received one telegram saying "GO FUCK YOURSELF".
posted by PinkStainlessTail at 11:23 AM on July 7, 2004

This allegation, if true, needs to be prosecuted. Didn't Dick tell his cronies that there's a war on terror on?
posted by swerdloff at 12:40 PM on July 7, 2004

I always wonder why things like this don't get more press. Go France!

M'seur le president: F----- toi!
posted by gesamtkunstwerk at 8:54 PM on July 7, 2004