Halliburton Will Move HQ to Dubai
Halliburton says it will move its headquarters from Houston to Dubai, U.A.E. to take advantage of the extensive business opportunities in the Middle East. I have no doubt that is a significant motivator and I’m sure it has absolutely nothing to do with reducing its U.S. tax liability. Furthermore, there’s no way it could have anything to do with Iraq easing towards an internal oil policy agreement and Halliburton’s existing presence in Iraq.
Also, several Middle Eastern countries and the U.S. have gotten together for the first time to discuss how to deal with Iraq. Perfect timing for Halliburton to insert itself into negotiations with virtually all of the world’s oil producing nations at once.
Moving the headquarters of a company the size of Halliburton is no small task…if they start their transition today, they should have most of the operations transferred and headaches eliminated right about the time Dick Cheney will leave the White House and needs a job. And, new stock options too.
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