Halliburton Completes Work in Iran
Halliburton Company announced today that all of its contractual commitments in Iran have been completed and the company is no longer working in Iran. Halliburton announced in January 2005 it would not accept any new work in Iran, but that it would honor all contractual commitments existing at the time.
Halliburton conducted its Iranian business through a foreign subsidiary known as Halliburton Products & Services Ltd., a Cayman Islands-registered company headquartered in Dubai, United Arab Emirates.
Labels: Export Controls, Sanctions; Iran