PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: American Spirit who wrote (468927)	10/1/2003 9:10:53 PM
From: Arthur Radley	Read Replies (3) of 769670

HOUSTON - The value of Halliburton Co.'s contract to restore Iraq (news - web sites)'s oilfields has risen to $1.4 billion, according to government data posted Wednesday. The latest increase, a jump from the $1.25 billion figure posted two weeks ago, reflects higher costs for damage assessments and repairs. The value of the task order for that work has risen to $769 million from $320 million as of Sept. 8. The other leading high-cost item is importing fuel needed for domestic Iraqi uses. The U.S. Army Corps of Engineers has said the costs are unavoidable because looting and sabotage have delayed efforts to get Iraq's oil production up to prewar levels. The higher figures come as congressional Democrats step up criticism of the Bush administration's oversight of big contracts to rebuild Iraq. On Tuesday, Rep. Henry Waxman, D-Calif., released a letter charging the Bush administration with "gold plating" the contracts by not assigning more work to Iraqi businesses, which say they can do the work more cheaply.

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