Halliburton CEO Dave Lesar made the announcement, citing what he called a poor business climate in Iran for Halliburton.
The executive said Halliburton would return to Iran if U.S. sanctions are lifted in the future.
The Houston, Texas-based company, which was formerly headed by U.S. Vice President Dick Cheney, is being probed by U.S. federal investigators for its dealings with Iran through a Cayman Islands-based subsidiary.
Halliburton contends that using the subsidiary exempts it from Washington's trade embargo against the Islamic Republic. The U.S. accuses Iran of seeking nuclear weapons and funding terror networks -- charges the Iranian government denies.
(AFP/Reuters/AP)
The executive said Halliburton would return to Iran if U.S. sanctions are lifted in the future.
The Houston, Texas-based company, which was formerly headed by U.S. Vice President Dick Cheney, is being probed by U.S. federal investigators for its dealings with Iran through a Cayman Islands-based subsidiary.
Halliburton contends that using the subsidiary exempts it from Washington's trade embargo against the Islamic Republic. The U.S. accuses Iran of seeking nuclear weapons and funding terror networks -- charges the Iranian government denies.
(AFP/Reuters/AP)
