Written question asked by Vincent Cable (Liberal Democrat) on Friday, 10 December 2004, in the House of Commons. It was due for an answer on Tuesday, 22 February 2005. It was answered by Patricia Hewitt (Labour) on Tuesday, 22 February 2005 on behalf of the Department of Trade and Industry.

Dept of Trade and Industry

Question: To ask the Secretary of State for Trade and Industry, how many export credit guarantees have been entered into by subsidiaries of Halliburton in each year since 1997; what the terms were of the deals for each of these guarantees; and if she will make a statement. - Inc figures.

Answer: Dr. Cable: To ask the Secretary of State for Trade and Industry how many export credit guarantees have been entered into by subsidiaries of Halliburton in each year since 1997; what the terms were of the deals for each of these guarantees; and if she will make a statement. [205057] Ms Hewitt: ECGD has issued guarantees in respect of the following loans supporting UK exporters in which Halliburton has an interest: 1999 $231.4 million for work by Dresser Kellogg Energy Services Ltd. to develop a gas-field in South Africa. The majority of this loan has already been prepaid. The remainder is payable in half- yearly instalments ending in 2010. 2002 $215 million for work by M. W. Kellogg Ltd. in the construction of two gas liquefaction units in Nigeria. The loan is to be repaid in half-yearly instalments ending in 2010. 2004 $10.5 million for work by Kellogg, Brown and Root in connection with an oilfield in Kazakhstan. The loan is to be repaid in half-yearly instalments ending in 2011.

Secondary information

Type: Written question
Reference: 205057; 431 c555-6W;431 c551-2W
Session: 2004-05
Related items: Export Credits Guarantee Department
Wednesday, 7 December 2005
Written questions
House of Commons
Subjects: Export credit guarantees Subsidiary companies Halliburton
Contains statistics: Yes
Link: View this Written question on www.publications.parliament.uk