Tuesday, August 23, 2005

Halliburton’s role in toppling Oriental Oil Kish to be probed

TEHRAN, Aug. 23 (MNA) — The Oriental Oil Kish Company’s success in the bid to drill the phases 9 and 10 of the South Pars Gas Field Development Plan against its rival companies including National Iranian Drilling Company (NIDC) became possible due to the company’s partnership with the Halliburton (the oil services company once headed by U.S. Vice President Dick Cheney).
“When it won the tender for drilling South Pars phases 9 and 10, Oriental Oil Kish was a small contractor and it lacked the necessary drilling equipment, particularly the drilling mast. But due to the presence of Halliburton and its supports for the company, the Kish Oil Company attended the tender and was even able to win the bid,” an informed source said.

He added that after the international media disclosed the Oriental Oil Kish’s relationship with an American company and their successful bid to develop oil projects in Iran, Halliburton announced that it will not work or conclude agreement with Iran. However, in an unofficial letter, it later on revealed its indirect cooperation with the Iranian side in the drilling project of the phases.

Following the withdrawal of Oriental Oil Kish Co., NIDC managing director Seifollah Jashnsaz told the Iranian Students News Agency (ISNA) that it has been about a month since they put forward the proposal for developing the project. “We have agreed to answer them by the end of the week on August 25.”

He further explained that the NIDC is reviewing the prices to see if the company is able to take the project based on the formerly suggested prices.