Halliburton, Bechtel Win More Iraq Deals
Thu August 28, 2003 01:40 AM ET
NEW YORK (Reuters) - Halliburton Co. and Bechtel Group Inc., which have been working to rebuild Iraq after the U.S.-led war, are expected to win more contracts, The Washington Post and the Wall Street Journal reported on Thursday.
The Post reported that Halliburton, the world's second-largest oil field service company, could make hundreds of millions more dollars than earlier disclosed for services such as maintaining Iraqi oil fields under a U.S. Army Corps of Engineers contract, according to documents surveyed by the newspaper.
The Wall Street Journal reported that the U.S. Agency for International Development had recently said that San Francisco-based construction company Bechtel will receive about $350 million for infrastructure projects. That would amount to about 50 percent more than earlier allocated for Bechtel services, the paper said.
Representatives at Halliburton and Bechtel were not immediately available to comment.
The U.S. General Accounting Office has told aides to U.S. Rep. Henry Waxman, a California Democrat, that Halliburton subsidiary Brown and Root is likely to earn "several hundred million more dollars" from the no-bid Corps of Engineers contract to rehabilitate oil fields, The Post said.
The paper also surveyed a spreadsheet provided by the Joint Munitions Command that gave detailed estimates of money obligated to Brown and Root.
Houston-based Halliburton was once headed by Vice President Dick Cheney. |
