From the Fox News article;<\/p>\n
“Halliburton is opening its corporate headquarters in Dubai while maintaining a corporate office in Houston,” spokeswoman Cathy Mann said in an e-mail to The Associated Press. “The chairman, president and CEO will office from and be based in Dubai to run the company from the UAE.”<\/p>\n
Lesar, speaking at an energy conference in nearby Bahrain, said he will relocate to Dubai from Texas to oversee Halliburton’s intensified focus on business in the Mideast and energy-hungry Asia, home to some of the world’s most important oil and gas markets.<\/p>\n
“As the CEO, I’m responsible for the global business of Halliburton in both hemispheres and I will continue to spend quite a bit of time in an airplane as I remain attentive to our customers, shareholders and employees around the world,” Lesar said. “Yes, I will spend the majority of my time in Dubai.”<\/p><\/blockquote>\n
So what’s the big deal? Who’s surprised? Haliburton is an oil services company – the US isn’t interested in drilling for our own oil over here, so why shouldn’t they move to Mid-East? If Congress would get off their dead asses and authorize the US to drill, pipe and refine our own oil again, I’m sure Haliburton will reconsider.<\/p>\n