Friday, August 08, 2003

Cheney's Former Firm Halliburton Dominates Iraqi Oil Contracts

"A week ago, the Corps of Engineers Web site carried an amendment to the contract proposal, saying that 220 projects, mostly at installations above the ground, must be completed for Iraq's oil production to reach prewar levels. The projects are divided into three phases, with a total estimated cost of $1.14 billion.

But the corps notes in the plan that the first two phases, which together would require about $967 million in investments, would have to be completed by Dec. 31.

Halliburton's competitors worry that if the winner of the new contracts is not announced until Oct. 15, that company could not even begin the work before year's end. The only company that could do the work based on that timetable is Halliburton, its competitors say.

Only the third and final phase, worth about $176 million and requiring the work to be completed by March 31, could realistically be performed by a Halliburton competitor, its rivals say. "

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