Halliburton is moving to Dubai
Oil services firm Halliburton is moving its headquarters and chief executive to Dubai in a move that immediately sparked criticism from some U.S. politicians.
Texas-based Halliburton, which was led by Vice President Dick Cheney from 1995-2000, did not specify what, if any, tax implications the move might entail. It plans to list on a Middle East bourse once it moves to Dubai, the booming commercial center of the Gulf. The company is making the moves to position itself better to gain contracts in the oil-rich Middle East.
Countries other than the U.S. stand to gain from big oil potential off the coast of Cuba.
The main office will be in Dubai, and all operations will run worldwide from here.
Texas-based Halliburton, which was led by Vice President Dick Cheney from 1995-2000, did not specify what, if any, tax implications the move might entail. It plans to list on a Middle East bourse once it moves to Dubai, the booming commercial center of the Gulf. The company is making the moves to position itself better to gain contracts in the oil-rich Middle East.
Countries other than the U.S. stand to gain from big oil potential off the coast of Cuba.
The main office will be in Dubai, and all operations will run worldwide from here.
Halliburton, which has long been involved in the Middle East, generated more than 38 percent of its $13 billion in oil-services revenue in the eastern hemisphere last year.
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