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March 15, 2005
Halliburton denies it overcharged U.S.
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Halliburton denies it overcharged U.S. |
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According to a Wall Street Journal report Tuesday, a Halliburton Co. unit is facing new questions from Pentagon auditors about bills for supplying fuel to the U.S. military in Iraq as part of a no-bid contract to rebuild the country's oil infrastructure. The newspaper reports that this new look comes after other inquiries about the billions the company has billed the military for services rendered in Iraq. A Justice Department probe is examining if the government showed favoritism when awarding the company the oilfield contracts.
A Pentagon spokeswoman said an audit released by Democratic congressmen on Monday that questioned $108 million in costs by Halliburton unit Kellogg Brown and Root was conducted to determine whether "fair and reasonable" prices were charged.
"The majority of costs questioned in this audit report are because DCAA (Defense Contract Audit Agency) auditors believe that KBR paid an unreasonable price for the fuel," the spokeswoman said - Reuters -
"The figure was taken out of context and the implication is definitely misleading," said Wendy Hall, a Halliburton spokesperson. "As we have said many times over the past two years, transporting fuel into Iraq was a mission fraught with danger, which increased the prices firms were willing to offer for transportation."
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