Halliburton Sees Iraq Business Accelerating

US oil field services provider Halliburton is beginning to see project activity ramp up in Iraq after delays led to financial losses in the country, reports Argus News.

The company commenced drilling at three rigs late in the third quarter, and expects three more to come on line by the end of the year.

“We expect to return to profitability there next year,” said chief executive David Lesar (pictured).

(Source: Argus Media)

 

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