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Halliburton In Iran Despite Sanctions?

Posted: Fri Mar 11, 2005 2:55 am
by DIJKKIJK
http://msnbc.msn.com/id/7119752


How the heck can they do business there when there are US sanctions in place against Iran?

sad crap! One rule for the world and another for us when it comes to business, eh?

[Edited 2005-03-10 18:56:12]

RE: Halliburton In Iran Despite Sanctions?

Posted: Fri Mar 11, 2005 2:58 am
by ANCFlyer
Subsidiary Company . . . it was on the news couple days ago. The law only prevents US companies from doing business not foreign companies - even foreign subsidiaries . . . it's bullshit, it's a loophole, but it could have been any company . . .

Wonder how long til this is Bush' fault.

RE: Halliburton In Iran Despite Sanctions?

Posted: Fri Mar 11, 2005 3:02 am
by N5176Y
GE operates in Iran also.

RE: Halliburton In Iran Despite Sanctions?

Posted: Fri Mar 11, 2005 3:07 am
by DIJKKIJK
Halliburton decided that business with Iran, then conducted through at least five companies, would all be done through a subsidiary incorporated in the Cayman Islands.

Usual shady-businessman tactics! All you need to do is to find a tax haven which asks no questions, and off you go.

RE: Halliburton In Iran Despite Sanctions?

Posted: Fri Mar 11, 2005 3:55 am
by airplay
Haliburton is to shady business deals, what stink is to a monkey.

RE: Halliburton In Iran Despite Sanctions?

Posted: Fri Mar 11, 2005 4:19 am
by simo82
I just came back from Iran and I can tell that I saw a lot of American brands, and also met a lot of Americans that were there for business.

When it comes to business everything can happen...and there's a lot of business in Iran!

CIAO
Simo

RE: Halliburton In Iran Despite Sanctions?

Posted: Fri Mar 11, 2005 4:24 am
by iakobos
Halliburton (Cayman) is established on Kish Island (Qeshm Isl.) free trade zone since at least end 2003. Old news !
Also active there are Total-Elf-Fina, AGIP, and almost a dozen others.

RE: Halliburton In Iran Despite Sanctions?

Posted: Fri Mar 11, 2005 4:33 am
by simo82


Quoting Iakobos (Reply 6):
Also active there are Total-Elf-Fina, AGIP, and almost a dozen others.

Those are European...there are no restrcitions from them...

CIAO
Simo