UPDATE 4-Halliburton to move headquarters, CEO to Dubai

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By Mohammed Abbas and Anna Driver

MANAMA/HOUSTON, March 11 (Reuters) - U.S. oilfield services giant Halliburton Co. (HAL.N: Quote, Profile, Research, Stock Buzz) said on Sunday it will move its corporate headquarters and its chief executive to Dubai in the United Arab Emirates in an effort to expand overseas.

Texas-based Halliburton, which was led by Vice President Dick Cheney from 1995-2000, did not specify what, if any, tax or political implications the move might entail.

The firm has drawn scrutiny from auditors, congressional Democrats and the Justice Department for the quality and pricing of its work for the U.S. army in Iraq.

The Dubai move drew immediate political reaction.

"This is an insult to the U.S. soldiers and taxpayers who paid the tab for their no-bid contracts and endured their overcharges for all these years," said judiciary committee chairman Sen. Patrick Leahy, a Vermont Democrat.

Halliburton chief executive David Lesar said the company also was considering listing its shares on one of the Middle East bourses. It is currently listed on the New York Stock Exchange and has a market value of more than $32 billion.