Halliburton Co and Bechtel Group Inc, which have been awarded lucrative deals to help get Iraq back on its feet after the US-led invasion, are expected to win further contracts, The Washington Post and the Wall Street Journal reported on Thursday.
The Post reported that Halliburton, the world’s second-largest oilfield service company, could make hundreds of millions more dollars than earlier disclosed for services such as maintaining Iraqi oilfields under a US Army Corps of Engineers contract, according to documents surveyed by the newspaper.
The Wall Street Journal reported that the US 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% more than earlier allocated for Bechtel services, the paper said.
The US General Accounting Office has told aides to US congressman 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 oilfields, 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 US Vice President Dick Cheney.