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For Immediate Release September 30, 2004
Cheneys Halliburton did business with Iraq, Iran; both were state sponsors of terrorism
CHENEY Said we had to go after Hussein because Iraq was a state sponsor of terrorism
REALITY: Cheneys Halliburton did business with Iraq, Iran; both were state sponsors of terrorism
While Cheney Was CEO, Halliburton Acquired Companies That Held Contracts With Saddam. Despite the fact that Cheney claimed that we've not done any business in Iraq since the sanctions are imposed, and I had a standing policy that I wouldn't do that, under Cheneys leadership, Halliburton acquired two subsidiaries which had signed contracts to sell more than $ 73 million in oil production equipment to Iraq under the oil-for-food program. The subsidiaries, based in France, sold water and sewage treatment pumps, spare parts for oil facilities and pipeline equipment to Baghdad through French affiliates from the first half of 1997 to the summer of 2000, U.N. records show. The subsidiaries traded with Iraq for more than a year under Cheney, signing nearly $30 million in contracts before Cheney sold off Halliburtons stake in the subsidiaries. (Washington Post, 6/23/01; Petroleum Economist, 6/93; ABC News, This Week, 7/30/00)
Under Cheney, Halliburton Subsidiaries Did Business In Iran. Under Cheneys leadership, Halliburton bought out Dresser Industries in 1998 and, subsequently, acquired Dressers subsidiary Kellogg Iran. A report release by New York City Comptroller William C. Thompson showed that Halliburton had opened an office in Iran under the name Halliburton Products and Services Ltd., its Cayman Islands subsidiary, in February 2000 and forecasts more than $39 million worth of services for 2003. A 60 Minutes report found little separation between Halliburton headquarters and their Cayman subsidiary and that if mail for the Halliburton subsidiary comes here, to this address, they reroute it to Halliburton headquarters in Houston. (Houston Chronicle, 12/15/03; Office of New York City Comptroller William C. Thompson, 12/15/03; Halliburton Co. 10-Q, 5/7/04; Halliburton 10-K, 4/5/99; Russian Oil and Gas Report, 6/27/01; ABC, This Week, 7/30/00; New York Times, 9/10/02; CBS News, 60 Minutes, 1/25/04)
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