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01-21-2005, 12:40 PM
http://www.iranian.ws/iran_news/publish/article_5304.shtml
US oil giant Halliburton won major contract to drill for gas in Iran
Iran said on Monday that US oil giant Halliburton had won a major contract to drill for gas, despite US sanctions against foreign investment in the country's energy industry.
"Halliburton and Oriental Kish (an Iranian company) are the final winners of the tender for drilling South Pars phases 9 and 10," Pars Oil and Gas Company managing director Akbar Torkan said, according to state television.
An unnamed Pars company board member said the deal for the gas fields in the Gulf off the south coast of Iran was worth about $310m.
He said Halliburton had not directly signed the contract but that it had offered its services via Oriental Kish.
Under a law introduced in 1996, the United States threatens sanctions on both American and foreign companies investing more than $40m in Iran's petroleum industry.
Halliburton, once chaired by US Vice President Dick Cheney, has come under investigation in the United States for its dealings with Iran through a Cayman Islands subsidiary.
And The British won't do buisness with Iran because why?
BP Avoids Iran, Takes `Step One' in Iraq
BP Plc Chief Executive John Browne said Europe's biggest oil company will avoid business in Iran because of U.S. sanctions, while the company takes a ``first step'' gaining access to oil fields in neighboring Iraq.
`To do business with Iran at the moment would be offensive to the United States, and therefore against BP's interests,'' Browne, 56, said in an interview yesterday at the company's London headquarters. ``We're very heavily influenced by our American position.''
US oil giant Halliburton won major contract to drill for gas in Iran
Iran said on Monday that US oil giant Halliburton had won a major contract to drill for gas, despite US sanctions against foreign investment in the country's energy industry.
"Halliburton and Oriental Kish (an Iranian company) are the final winners of the tender for drilling South Pars phases 9 and 10," Pars Oil and Gas Company managing director Akbar Torkan said, according to state television.
An unnamed Pars company board member said the deal for the gas fields in the Gulf off the south coast of Iran was worth about $310m.
He said Halliburton had not directly signed the contract but that it had offered its services via Oriental Kish.
Under a law introduced in 1996, the United States threatens sanctions on both American and foreign companies investing more than $40m in Iran's petroleum industry.
Halliburton, once chaired by US Vice President Dick Cheney, has come under investigation in the United States for its dealings with Iran through a Cayman Islands subsidiary.
And The British won't do buisness with Iran because why?
BP Avoids Iran, Takes `Step One' in Iraq
BP Plc Chief Executive John Browne said Europe's biggest oil company will avoid business in Iran because of U.S. sanctions, while the company takes a ``first step'' gaining access to oil fields in neighboring Iraq.
`To do business with Iran at the moment would be offensive to the United States, and therefore against BP's interests,'' Browne, 56, said in an interview yesterday at the company's London headquarters. ``We're very heavily influenced by our American position.''