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Halliburton, Bechtel seen bagging more Iraq deals
New York, Aug 31: Halliburton and Bechtel Group, which have been working to rebuild Iraq after the US-led war, are expected to win more contracts, The Washington Post and The Wall Street Journal reported.
New York, Aug 31: Halliburton and Bechtel Group, which have been working to rebuild Iraq after the US-led war, are expected to win more contracts, The Washington Post and The Wall Street Journal reported.
The Post reported that Halliburton, the world’s second-largest oil field service company, could make hundreds of millions of dollars more than earlier disclosed for services such as maintaining Iraqi oil fields under a US Army Corps of Engineers contract, according to documents surveyed by the newspaper.
The Journal reported that the US Agency for International Development had recently said that San Francisco-based construction company Bechtel will receive about $350m for infrastructure projects. That would amount to about 50% more than earlier allocated for Bechtel services, the paper said.
The Journal reported that the US Agency for International Development had recently said that San Francisco-based construction company Bechtel will receive about $350m for infrastructure projects. That would amount to about 50% more than earlier allocated for Bechtel services, the paper said.
Representatives at Halliburton and Bechtel were not immediately available to comment.
The US General Accounting Office has told aides to US 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.
Bureau Report