nuclear-news

Halliburton, GE and Conoco quietly traded with Iran

 the subsidiaries of several American
companies have been quietly trading with Iran for years. These
companies include Halliburton, GE and Conoco.

Trading With the “Enemy”: Halliburton & GE Make Millions Trading With
Iran  Democracy Now  JULY 16, 2003 As head of Halliburton and as U.S.
Vice President, Dick Cheney lobbied to remove sanctions against Iran
to allow his business to profit off the Iranian dictatorship.

In other news from Iran, the country announced this week the discovery
of one of the largest oilfields in the world. Some 38 billion barrels
of oil are believed to be in the oilfield found in southern Iran
making it one of the most lucrative oil finds in years.

Iran says they are looking for foreign companies to invest in the
oilfield. It will be a tempting deal even for U.S. companies that are
barred from dealing with Iran.

Recent news reports indicate that the subsidiaries of several American
companies have been quietly trading with Iran for years. These
companies include Halliburton, GE and Conoco.

According to Money Magazine, in 1997 when Vice President Dick Cheney
was Halliburton’s CEO, the company paid $15,000 fine for improperly
shipping oil field equipment to Iran.

Cheney also lobbied both as head of Halliburton and as Vice President
for the U.S. to lift sanctions against Iran and Libya.

According to a new article in Mother Jones, Halliburton currently has
at least two major projects in Iran. Along the Iraqi border, a
subsidiary of Halliburton is helping to build one of the world’s
largest fertilizer plants. Another Halliburton subsidiary is providing
a $226 million drilling rig to the Iranian National Oil Company.

Meanwhile GE is also doing work in Iran. A Canadian subsidiary of GE
has provided Iran with four hydroelectric generators to expand a dam
along the Kuran River. And an Italian subsidiary of GE is supplying
pipeline equipment and gas turbines for Iran’s oil industry.

This all comes despite the fact that Iran is one of the seven nations
listed by the State Department as a state sponsor of terror. The other
nations are Iraq, Syria, Sudan, Libya, North Korea and Cuba.
Until recently the dealings of Halliburton and GE in countries like
Iran got little attention. But a new financial company has begun
tracking which companies have investments in the nations on the State
Department’s list.

The company is Conflict Securities Advisory Group and it has created a
massive database that lists which countries deal with all of the
countries on the State Department list except Cuba. The Group has
found that there 35 major U.S. companies that have operations in these
countries. Overall some 375 publicly traded companies around the world
are operating in these countries.

Michael Scherer, Washington correspondent for Mother Jones. His
article Sidestepping Sanctions appears in the July/August issue of
Mother Jones.
Roger Robinson, CEO and President of Conflict Securities Advisory
Group, Inc. He is the former chairman of the William Casey Institute
and served as the Senior Director of International Economic Affairs at
the National Security Council under President Reagan.
TRANSCRIPT OF FULL SEGMENT:…..
http://www.democracynow.org/2003/7/16/trading_with_the_enemy_halliburton_ge

January 5, 2013 - Posted by Christina Macpherson | secrets,lies and civil liberties, USA