Tuesday, March 13, 2007

 

Halliburton to Move Headquarters to Dubai

‘Halliburton, the big energy services company, said today that it would open a corporate headquarters in the United Arab Emirates city of Dubai and move its chairman and chief executive, David J. Lesar, there.

The company will maintain its existing corporate office here as well as its incorporation in the United States. [..]

The announcement about the Dubai move, which Halliburton made at a regional energy conference in Bahrain, comes at a time when the company is being investigated by the Justice Department and the Securities and Exchange Commission for allegations of improper dealings in Iraq, Kuwait and Nigeria. Halliburton has also paid out billions in settlements in asbestos litigation.’




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