Middle East Economic Survey

VOL. XLVIII

No 6

07-February-2005

IRAN

Halliburton To Leave Iran When Contracts Expire

US oilfield service contractor Halliburton is to pull out of Iran when it has finished work on its current contracts. Halliburton CEO Dave Lesar told analysts on 28 January: The business environment currently in Iran is not conducive to our overall strategies and objectives. As a result we have decided to exit Iran and wind down our operations there, while fulfilling our existing...