Halliburton says committed to Venezuela market - Reuters

[Eugene]

Halliburton says committed to Venezuela market

Reuters
Sunday, February 11, 2007; 5:50 PM

HOUSTON (Reuters) - Oilfield services company Halliburton Co. <HAL.N> said on Sunday
it is committed to doing business in Venezuela, in an effort to clarify some comments
its chief financial officer made earlier to investors.

"Halliburton is proud of its more than 60-year history in Venezuela, and is committed
to continuing to build upon a strong reputation and operations in the country," the
company said in a statement released via e-mail. "We will continue working closely
with PDVSA (Venezuela's state oil company) to ensure our operations are aligned with
its business objectives and to demonstrate our commitment to its future programs."

-snip-

Among other comments, Gaut told the investors that Halliburton would be carefully
managing its exposure in Venezuela, and it was unlikely a lot of new cash would be
deployed in the region.

Halliburton said Gaut's remarks were "misconstrued" on Friday by the press in Venezuela.

-snip-

Full article: http://www.washingtonpost.com/wp-dyn/content/article/2007/02/11/AR2007021100970.html

[aquart]

1. Hope Chavez nationalizes their asses.

Just because I'd enjoy it and that's what's important.

[knowbody0]

2. me too

IMHO, this is the main reason Chavez has increased his powers, to remove these big fat corporations.

[aquart]

6. Which I'm going to enjoy as long as it lasts.

I don't hate corporations...they can act symbiotically to benefit a nation. Without careful oversight and strictly enforced regulation, they become parasites sucking nations dry.

[The Backlash Cometh]

3. Poor Chavez.

The right-wing minions are boycotting his oil at Citgo, and now the liberals will boycott now that they know Halliburton is involved.

[shance]

4. Watch out Venezuela!!*

:yoiks:

[madrchsod]

5. if they want to drill for oil

they`ll have to deal with halliburton. there`s only a hand full of companies in the world like halliburton and their politics are all the same..guaranteed money for their services.