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:: 10.30.2003 ::
Hmm... Halliburton says KBR unit revenue profit, sales soar
The contract to rehabilitate Iraqi oil fields has been revised upward to 948 million dollars, army spokesman Dan Carlson said.
A separate 10-year army field support contract to Halliburton awarded in 2001 has been boosted to one billion dollars, the spokesman added.
Halliburton chief executive David Lesar, meanwhile, is fending off Democratic lawmakers' accusations that the group overcharged the US government for imported gasoline in Iraq.
The US government pays Halliburton between 1.62 and 1.70 dollars for each gallon of gasoline it imports from Kuwait, including a 91- to 99-cent transportation fee, according to Democratic representatives Henry Waxman and John Dingell.
But Waxman and Dingell said they had been assured by industry experts it was possible to bring gasoline from Kuwait into Iraq for between 15 cents and 25 cents a gallon.
:: Deb 1:15 PM :: permalink ::
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