Cayman Islands

Halliburton Subsidiary to Build North Korea's First Light-Water Reactor

Pyongyang, North Korea, November 5, 2006 -- A jubilant U.S. State Department announced today that the Halliburton subsidiary of Buhn & Dogale, a small ceramic figurine manufacturing firm located in the Cayman Islands, has been granted a coveted $3.2 billion no-bid contract to construct North Korea's first light-water nuclear reactor.

State Department spokesman Sean McCormack said key officials associated with the contract award, an important component of the recently signed North Korean Now You See Them Now You Don't Strategic Nuclear Arms Limitation Treaty, were "elated".

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