excerpt from Forbes.com
04.12.04http://www.forbes.com/free_forbes/2004/041... --------
Still, "companies are playing fast and loose," says Adam Pener of Conflict Securities Advisory Group, a D.C.-based consultancy to multinational businesses.
Halliburton, for example, manages to do business with Iran obliquely. Its Dubai-based affiliate, Halliburton Products & Services Ltd., allegedly has no Americans on staff; the Houston oil services company claims it has no direct ownership of the operation. Nevertheless, FORBES has obtained documents showing how Kala Ltd., the British arm of the National Iranian Oil Co., solicited at least 17 separate bids from the affiliate during 1997 and 1998 (when Vice President Cheney was Halliburton's chief executive). A few bids include handwritten notes that say "FOB
Dubai Airport" or "FOB Dubai port"--meaning that the U.A.E. was just a way station between Halliburton and Tehran.
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This is pretty interesting. Probably the tip of the ice-berg.
