Halliburton equipment worth $7.1m exported to Russia in past year, customs records show

[cbabe]

https://www.theguardian.com/business/2023/sep/17/russia-trade-halliburton-equipment-export-us-oil

Halliburton equipment worth $7.1m exported to Russia in past year, customs records show

Exclusive: US oil multinationals face questions over trade with Russia amid pressure to cease operations

Daniel Boffey Chief reporter
Sun 17 Sep 2023 09.37 EDT

US oil and gas multinationals are facing fresh questions over their trade with Russia after customs records revealed that more than $7.1m (£5.7m) worth of equipment manufactured by Halliburton has been exported into the country since it announced the end of its Russian Last September Halliburton, one of the world’s largest providers of products and services for oil and gas exploration, sold its Russian office to local management amid pressure on all US companies to cease their trade after the invasion of Ukraine.

Russian customs records seen by the Guardian show that despite this move to sell up on 8 September, Halliburton subsidiaries exported equipment of a value of $5,729,600 to its former operation in Russia in the six weeks that followed the sale.

The equipment was largely shipped from the US and Singapore although the records show it originated in a range of countries, including the UK, Belgium and France.

…more…

[Captain Zero]

1. More money in Dick Cheney's Halliburton pension.

No doubt.

[marble falls]

2. Two layers of law. At the same time, $7.1M wouldn't buy all that much from Haliburton.

[Freethinker65]

3. Sounds like Halliburton has not truly divested (sold to locals) their operations in Russia.

As much as I hate Halliburton, they had business operations and exploration out of Russia prior to the invasion. They, no doubt, had lots invested in their Russia operations and I have not seen any link of Halliburton to Putin's invasion policy. Halliburton probably wants an end to this as much as anyone so they can continue to make obscene profits from their Russian operation. They are probably not the only foreign company that "divested" operations with the hope that once this is over they can return to profit inside Russia. 7.1 million dollars in equipment to ensure the business can be up and running when the time comes seems worth the risk to Halliburton.

[leftstreet]

4. $7.1m? Halliburton's CEO makes $24m

That's like, what..office supplies for a year?

Strange article

[cbabe]

5. I think the article is focused on the ways companies hide

their dealings, splitting into subsidiaries, etc.

[Kid Berwyn]

6. Pledge allegiance to the money.

Zero cares for who and what get in the way.

[magicarpet]

7. Profits tRump war criminal concerns.