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 DUBAI, United Arab Emirates (AP) - Halliburton Co., the Houston, Texas-based oil services company, is shifting the company's focus and capital investments away from North America and toward the oil and gas-rich Middle East, its chief executive Dave Lesar said here Tuesday.
Lesar, starting his first week running the company from his new headquarters in Dubai, said Halliburton would quickly expand its Mideast operations as it targets $80 billion in new business over the next five years — 75 percent of which lies in the eastern hemisphere, mainly the Middle East.
"Halliburton is committed to this part of the world," Lesar told a group of Dubai-based reporters.
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