WASHINGTON (AFP) - Oil services giant Halliburton said on Sunday its chief executive Dave Lesar will open a corporate headquarters in Dubai, hoping to expand its operations in the Middle East and Asia.
"Halliburton Chairman, President and Chief Executive Officer Dave Lesar will move to Dubai to lead the company's efforts in growing Halliburton's business in the Eastern Hemisphere, an important market for the global oil and gas industry," the company said in a press release.
The announcement was made at a regional energy conference in the Kingdom of Bahrain, it said.
"The Eastern Hemisphere is a market that is more heavily weighted toward oil exploration and production opportunities and growing our business here will bring more balance to Halliburton's overall portfolio," Lesar said in the release.
"This is already a strong market for Halliburton and we are excited to position the company in this key business area," he said.
The company will continue to operate "a corporate office in Houston," the statement said.
In 2006, more than 38 percent of Halliburton's 13 billion dollar oil field services revenue was generated from the Eastern Hemisphere, the company said.
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