According to one analyst, there are more than 30 U.S. corporations doing business in Iran through foreign subsidiaries or related companies.
"The business of subsidiaries of U.S. firms being able to maneuver around the U.S. sanctions...even though they're legal...I think that that's starting to rub people the wrong way," Roger Robinson of the Conflict Securities Advisory Group told CNN. .
V- P Cheney's old firm Halliburton (HAL: Research, Estimates) has an office in the Iranian capital, Tehran. A company spokeswoman told CNN that the subsidiary, Halliburton products and services, helps build drilling rigs in Iran's southern oil field.
Halliburton's main competitors in the oil field industry, Baker Hughes (BHI: Research, Estimates) &Smith International Research, Estimates), have foreign operations in Iran too.
There's also a Swiss-owned Caterpillar (CAT: Research, Estimates) dealership in Tehran..Research, Estimates) Canadian Unit is working on a huge hydroelectric project,
2007-01-21
08:45:11
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7 answers
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asked by
rare2findd
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Politics