Halliburton seeks Middle East investors
Source: Reuters
Oil services and infrastructure company says it is looking to launch $80 billion in new projects worldwide during the next five years.
DUBAI (Reuters) -- U.S. oil services firm Halliburton is looking for major investors to take a stake in the company as it eyes about $80 billion in projects worldwide during the next five years.
"One of my goals would be to find a set of investors or an investor interested in taking a longer-term investment in the company," Halliburton CEO Dave Lesar told reporters Tuesday when asked if the firm is searching for major investors as it expands outside the Americas....
About 70 percent of that potential market is outside the Americas, which is why Lesar himself and Halliburton's corporate headquarters moved to Dubai, he said.
"If you look at a map of global oil and gas reserves, the focus of our business and industry is clearly moving to this part of the world," he said.
LinkHere
Oil services and infrastructure company says it is looking to launch $80 billion in new projects worldwide during the next five years.
DUBAI (Reuters) -- U.S. oil services firm Halliburton is looking for major investors to take a stake in the company as it eyes about $80 billion in projects worldwide during the next five years.
"One of my goals would be to find a set of investors or an investor interested in taking a longer-term investment in the company," Halliburton CEO Dave Lesar told reporters Tuesday when asked if the firm is searching for major investors as it expands outside the Americas....
About 70 percent of that potential market is outside the Americas, which is why Lesar himself and Halliburton's corporate headquarters moved to Dubai, he said.
"If you look at a map of global oil and gas reserves, the focus of our business and industry is clearly moving to this part of the world," he said.
LinkHere
posted by Kangaroo Brisbane Australia at 6:01 PM
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