That would make sense. If the client is borrowing against a future windfall and he can't make payment then the proceeds could be offered as payment. Of course I'm not talking about already oil rich clients but more in the small speculative markets.
The wrinkle will be when these small markets are in regions that come and go in favor of the US.
I don't doubt that these contracts are collected and sold as quickly as possible as political climates change with the wind.
Thanks for the info.
Halliburton and companies like it have literally developed the 3rd world and very little of that has to do with oil. It is in fertilizer plants, chemical plants, herbicide plants, LNG plants and terminals, dams, highways, even towns. and on and on. Almost all are financed by the IMF or World Bank through the governments of these countries.
Yes it is a risky business but it is also a very lucrative business. The irony is that oil related projects are only about 20% of Halliburton’s market.