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 DUBAI, United Arab Emirates (AP) - Halliburton will shift some 70 percent of its capital investment over the next five years to the Eastern Hemisphere, which includes oil and gas zones in the Middle East, Russia, Africa, the North Sea and East Asia, the company's chief said Tuesday from his new headquarters in Dubai.
Dave Lesar, arriving for his first week in United Arab Emirates, said Halliburton Co. 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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