Post by bot on May 23, 2004 0:24:58 GMT -5
Subject: Republicans hand Cheney's Halliburton a cool $1 billion windfall
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Date: 2003-12-07 08:41:34 PST
From The Guardian, 12/7/03:
www.guardian.co.uk/Iraq/Story/0,2763,1101384,00.html
Iraq delays hand Cheney firm $1bn
Oliver Morgan, industrial editor
Sunday December 7, 2003
The Observer
Halliburton, the engineering group formerly run by US vice-president
Dick Cheney, has been given $1 billion worth of reconstruction work in
Iraq by the US government without having to compete for it, thanks to
repeated delays in opening up a key contract to competition.
The Houston-based company was controversially awarded a contract to
repair Iraq's damaged oil infrastructure without competition in
February.
The cost-plus contract means the amount spent by the US Army Corps of
Engineers (USACE), which is running the work, is open-ended, rather
than being fixed at the outset, because the scope of the damage was
unknown.
The USACE described the contract as a 'bridge to competition', but
original plans to award the work competitively in August have
repeatedly slipped.
So far, $1.7bn has been made available to Halliburton for the work.
Figures obtained from the USACE by Democrat Congressman Henry Waxman
indicate that on 21 August, around the time the contract should have
been opened to competition, the amount made available to KBR, the
Halliburton subsidiary involved, was $704m.
Since then the total has risen by $1.011bn.
Waxman said:
'Since August, when the follow-on contracts were supposed to be
awarded, the administration has obligated more than $1bn to
Halliburton under the oil infrastructure contract.
These inexplicable delays may be good for Halliburton; they are
costing taxpayers a bundle.'
This is the only article in this thread
View: Original Format
Newsgroups: talk.politics.misc, alt.politics.bush, alt.politics.liberalism, alt.fan.rush-limbaugh, alt.rush-limbaugh, alt.politics.gw-bush, alt.politics
Date: 2003-12-07 08:41:34 PST
From The Guardian, 12/7/03:
www.guardian.co.uk/Iraq/Story/0,2763,1101384,00.html
Iraq delays hand Cheney firm $1bn
Oliver Morgan, industrial editor
Sunday December 7, 2003
The Observer
Halliburton, the engineering group formerly run by US vice-president
Dick Cheney, has been given $1 billion worth of reconstruction work in
Iraq by the US government without having to compete for it, thanks to
repeated delays in opening up a key contract to competition.
The Houston-based company was controversially awarded a contract to
repair Iraq's damaged oil infrastructure without competition in
February.
The cost-plus contract means the amount spent by the US Army Corps of
Engineers (USACE), which is running the work, is open-ended, rather
than being fixed at the outset, because the scope of the damage was
unknown.
The USACE described the contract as a 'bridge to competition', but
original plans to award the work competitively in August have
repeatedly slipped.
So far, $1.7bn has been made available to Halliburton for the work.
Figures obtained from the USACE by Democrat Congressman Henry Waxman
indicate that on 21 August, around the time the contract should have
been opened to competition, the amount made available to KBR, the
Halliburton subsidiary involved, was $704m.
Since then the total has risen by $1.011bn.
Waxman said:
'Since August, when the follow-on contracts were supposed to be
awarded, the administration has obligated more than $1bn to
Halliburton under the oil infrastructure contract.
These inexplicable delays may be good for Halliburton; they are
costing taxpayers a bundle.'