I guess there is something to be said for putting your top people where the focus of your business is, but it still comes as a surprise.

Halliburton, the big energy services company, said on Sunday that it would open a corporate headquarters in the United Arab Emirates city of Dubai and move its chairman and chief executive, David J. Lesar, there.

The company will maintain its existing corporate office here as well as its legal incorporation in the United States, meaning that it will still be subject to domestic laws and regulations.

Although the announcement of the new Dubai arrangement took many by surprise, Halliburton said that the move was part of a strategy announced in mid-2006 to concentrate its efforts in the Middle East and surrounding areas, where state-owned oil companies represent a growing source of business.

Still, most of its major operations will remain in Houston, so it is unlikely that this will make a long-term difference in how the company operates or on the local job market here in Houston.

Posted by: Greg at 12:48 AM | No Comments | Add Comment
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