Could they take Cheney with them??? So now they won’t have to pay taxes on all the moolah they make from we Americans. The American way, eh?

MANAMA, (Reuters) — Halliburton Co., the U.S. oilfield service giant, said Sunday its chief executive plans to open a corporate headquarters in the United Arab Emirates in an effort to expand business in the Eastern Hemisphere.

“My office will be in Dubai, and I will run our entire worldwide operations from that office,” Halliburton chief executive David Lesar said at an energy conference in Bahrain. “Dubai is a great business centre.”

The company said it will maintain its global headquarters in Houston, where the company is currently based.

An analyst said the move made sense. “The company as a whole has continued to diversify internationally, and the Middle East is a point that they have targeted,” said William Sanchez, a U.S.-based analyst at Howard Weil Inc. “They are being opportunistic in putting the CEO in the middle of the action.”

During 2006, more than 38 percent of Halliburton’s $13 billion in oil services revenue was generated in the Eastern Hemisphere.

Sanchez said he believed Halliburton’s move to Dubai is not tax related. Instead he views it as a strategic play.

Lesar said Halliburton is considering listing its shares on one of the Middle East bourses as it looks at growth potential in the hemisphere.

More at CNN.com

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