Halliburton, Bechtel Win More Iraq Deals

[papau]

http://www.nytimes.com/reuters/politics/politics-iraq-usa-contracts.html

August 28, 2003 Halliburton, Bechtel Win More Iraq Deals
By REUTERS Filed at 1:37 a.m. 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.<snip>

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<snip>

... a spreadsheet provided by the Joint Munitions Command that gave detailed estimates of money obligated to Brown and Root.<snip>

[Wwagsthedog]

1. How can the rags say they "win" contracts?

Just to make us sheeple think there is actually competitve bidding at work? More, obvious, propaganda from our wonderful media.
:mad:

[Code_Name_D]

2. I smell the Enron effect at work here.

They have been running into problems with the getting the oil infrastructure of Iraq back on line. More likly, the "terriosts" contiue to teorise the pipe line. So it stands to resone that these have sudnly become giant money pits, and now Haliberten and Bectell are now starteing to get dragged under in their own sea of debts.

Soo, Unkel Sam to the rescue with a conveinint new set of contracts. We saw this happen with Enron too when Bush gave them California on a silver plater. Look for even MORE contracts, and the inabitable cost over-runs to start sucking out even more money.