Halliburton Overbills in Iraq-Congressman

[DuctapeFatwa]

Halliburton subsidiary Kellogg Brown & Root has a contract with the U.S. Army Corps of Engineers to rebuild Iraq's oil sector, which has included importing gasoline products in short supply to the oil-rich nation.

"Millions of Americans want to help Iraqis but they don't want to be fleeced (by Halliburton)," Rep. Henry Waxman, of California, told a news conference.

Waxman said army documents showed that as of Sept. 18, the United States had paid Halliburton $300 million to import about 190 million gallons (719 million litres) of gasoline into Iraq.

Halliburton charged an average price of $1.59 per gallon (3.7 litres), excluding the company's fee of 2 percent to 7 percent, said Waxman. He said the average wholesale cost of gasoline during that period in the Middle East was about 71 cents a gallon, a figure an oil industry source told Reuters was accurate. That meant Halliburton was charging more than 90 cents a gallon to transport fuel into Iraq from Kuwait...

http://money.iwon.com/jsp/nw/nwdt_rt_top.jsp?cat=TOPBIZ&src=202&feed=bus§ion=news&news_id=bus-n15284093&date=20031015&alias=/alias/money/cm/nw

[Dookus]

1. Not LBN

this story is dated Wednesday, Oct. 15th.


Dookus
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