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Halliburton Co. will retain a no-bid contract in Iraq longer than expected, the Bush administration said Wednesday, citing sabotage of oil facilities for delays in replacement contracts.
Halliburton's contract, valued at $1.59 billion so far, will be extended until December or January while the government receives and evaluates revised bids for replacement work that could total $2 billion.
Halliburton's KBR subsidiary has been performing the restoration work under a contract that evolved from emergency firefighting at Iraq's oil wells after Saddam Hussein was toppled to restoration of Iraq's petroleum production.
Democratic members of Congress have said the no-bid contract showed favoritism to the Houston company that Vice President Dick Cheney led before he ran for office.
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Link:
http://www.latimes.com/news/nationworld/politics/whitehouse/la-fi-halliburton30oct30,1,3938182.story?coll=la-news-politics-white_houseWhat a surprise... NOT!!!
:mad: