Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Algerian Foreign Ministry: The Algerian President directs Foreign Minister Ahmed Attaf to head to Niamey as soon as possible
Algerian Foreign Ministry: Niger’s acceptance of the Algerian initiative strengthens the option of a political solution to end the crisis
Algerian Foreign Ministry: Algeria received official approval from Niger concerning the Algerian mediation initiative to resolve the crisis
Armenia says Azerbaijani forces open fire in border region
Al Mayadeen's correspondent: Israeli Supreme Court decides to return the case of prisoner Kayed al-Fafsous to the Military Court of Appeals
Egyptian media, citing medical sources: Ambulances transported about 100 injuries to hospitals as a result of the Ismailia Security Directorate fire
Egyptian media: The number of people injured in the Ismailia Security Directorate fire has risen to 21 people, some of whom are in critical condition.
Turkey carried out air strikes in northern Iraq and destroyed 20 PKK targets: Turkish MoD
Al Mayadeen's correspondent: Turkish warplanes carry out an air strike that targeted the Matin area in Dohuk, northern Iraq
Israeli media: The settlers wrote the word “revenge” in the site and uprooted dozens of olive trees

Halliburton, US oil corp, continues to trade with Russia: Reports

  • By Al Mayadeen English
  • Source: The Guardian
  • 17 Sep 2023 23:14
  • 1 Shares
  • x

US oil and gas multinational Halliburton faces scrutiny as customs records reveal over $7.1 million worth of equipment was exported to Russia after the outbreak of war in Ukraine.

  • the Halliburton sign adorns the side of a machine being used by the company at a site in Rulison, Colombia April 15, 2009 (AP)
    the Halliburton sign adorns the side of a machine being used by the company at a site in Rulison, Colombia, April 15, 2009. (AP)

US oil and gas multinational corporations have found themselves facing renewed questions regarding their trade relations with Russia, a report by The Guardian shows. 

Customs records have recently revealed that more than $7.1 million worth of equipment, manufactured by the prominent company Halliburton, has been exported to Russia, despite the company announcing the end of its Russian operations.

Last September, Halliburton, a global leader in providing products and services for oil and gas exploration, sold its Russian office to local management, complying with the mounting pressure on US companies to cease trade with Russia following the outbreak of the war in Ukraine.

Read more: Germany buys Russian oil from India: Reports

However, Russian customs records obtained by The Guardian show that Halliburton subsidiaries continued to export equipment worth $5,729,600 to their former Russian operation in the six weeks following the sale.

This equipment, primarily sourced from the US and Singapore, had origins in several countries, including the UK, Belgium, and France.

Imports resumed in December 2022

While the bulk of exports from Halliburton subsidiaries ceased on October 6 last year, the last recorded shipment to Russia, identified as Halliburton MFG in the records, consisted of a sealing element valued at $2,939.40, originating from Malaysia and destined for a firm known as Sakhalin Energy.

Sakhalin Energy is a consortium involved in the development of the Sakhalin-2 oil and gas project in eastern Russia, with investors including Gazprom. 

Related News

Serbia demands expanded NATO presence in Kosovo

Pentagon spreads itself too thin, budget to arm Ukraine drying out

Read more: Turkey slams European Parliament for pressure on anti-Russia sanctions

After a brief hiatus, imports of Halliburton equipment to Russia resumed in December 2022, facilitated by two companies unrelated to the US multinational. These products were imported from Turkey, bringing the total value of Halliburton equipment exported to Russia since the company closed its Russian operations to at least $7,163,317.

Notably, a staggering 98% of these exports to Russia have been supplied to Halliburton's newly independent former operation, now known as BurService. This entity has counted among its clients some of Russia's largest energy companies, including Gazprom, Rosneft, TNK-BP, and Lukoil.

According to available customs records, exports of Halliburton equipment to Russia persisted until at least the end of June this year, with more recent data yet to be made available.

This revelation has sparked frustration in Ukraine, where many are exasperated by the sluggishness of major Western industrial players in disentangling themselves from the Russian economy.

These findings underscore the challenges that multinational companies have faced in unwinding their trading relationships and controlling the distribution of their products via third parties. Some of the world's largest US oil and gas field service companies are already under scrutiny for their conduct.

Read more: Europe sanctions Russia, German economy bites the dust

Pushing for 'solidarity'

Earlier this month, Bob Menendez, the head of the US Senate Foreign Relations Committee, penned letters to Halliburton and its competitors, Schlumberger (SLB) and Baker Hughes, after reports suggested that these companies continued to engage in varying degrees of trade with Russia following the outbreak of the war in Ukraine last year.

In his letters to the chief executives of these three companies, Menendez expressed extreme concern, citing an Associated Press report that suggested ongoing sales to Russia in 2022. He accused the companies' management of prioritizing profit over standing in solidarity with Ukraine.

Responding to these revelations, a spokesperson for Halliburton maintained the company's adherence to sanctions and stated, "Halliburton no longer conducts operations in Russia."

Halliburton, formerly led by former US Vice President Dick Cheney, reported a gross profit of $4.052 billion for the 12 months ending June 30, 2023, marking a substantial 63.19% increase year-on-year, despite writing off $300 million related to the sale of its Russian operation.

Read more: Russian billionaires taking funds out of Europe back home: Bloomberg

  • United States
  • Russia
  • Sanctions on Russia
  • Oil
  • Halliburton
Russia & NATO

Russia & NATO

As the Draconian Western-led sanctions on Russia exacerbate the economic crisis worldwide, and as Russian troops gain more ground despite the influx of military aid into Ukraine, exposing US direct involvement in bio-labs spread across Eastern Europe and the insurgence of neo-Nazi groups… How will things unfold?

Most Read

BBC from the front lines in Ukraine: It's bad, counteroffensive failed

BBC from the front lines in Ukraine: It's bad, counteroffensive failed

  • Europe
  • 28 Sep 2023
Who Would Ally with the West: ‘It’s Boring – The Real Excitement is in Asia’

Who Would Ally with the West: ‘It’s Boring – The Real Excitement is in Asia’

  • Analysis
  • 30 Sep 2023
A Ukrainian soldier of the elite drone unit packs up after an attack on the front line in the outskirts of Kremennaya, Ukraine, Sunday, August 20, 2023 (AP)

Ukraine loses around 700 soldiers in one day: Russia MoD

  • Europe
  • 30 Sep 2023
US President Joe Biden and Ukrainian President Volodymyr Zelensky

'Not 1 more cent': Americans are done with funding Ukraine's paychecks

  • Europe
  • 30 Sep 2023

Coverage

All
Morocco & Libya Disasters

Read Next

All
Gebran Bassil, President of the Lebanese Free Patriotic Movement Party, Beirut, Lebanon, Monday, Oct. 17, 2022 (AP)
MENA

Lebanon besieged, anti-Syria conspiracy defeated militarily: FPM chief

Syrian women and children walk after crossing the border into the northern town of Bukayaa, Lebanon, Friday, April 29, 2011 (AP Photo/Bilal Hussein)
MENA

Lebanese army stops 1,200 Syrian refugees from crossing into Lebanon

Sayyed Nasrallah
MENA

Resistance shall never abandon Al-Ghajar village: Sayyed Nasrallah

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS