U.S'S HALLIBURTON OIL COMPANY SEEKING PARTNERS IN IRAN

Info-Prod Research (Middle East), May, 2004

According to "Tehran Times", an informed source said that the American company Halliburton is trying to become involved in the South Pars gas field development project. Halliburton, with ties to U.S. Vice-President Dick Cheney is operating under the name Oil Oriental Kish Company and is bidding on drilling contracts for phases 9 and 10 of the South Pars gas field.

Of course, American companies are prohibited from involvement in Iranian economic activities. He added that the value of the bid for drilling phases 9 and 10 is $300 million. Other foreign and Iranian companies have set up consortiums to participate in the bidding.