Kuwaiti Company 'Altanmia' Burdens the American Tax-Payer

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(Reprinted from Salon.com)

The Kuwait Halliburton scandal continues to rear its ugly head in the American media.

According to The Los Angeles Times Editorial (March 4, 2006):

"U.S. taxpayers are getting an expensive lesson in the costs of private contractors" and that Halliburton Co. subsidiary Kellog, Brown and Root overpaid $208 million for transporting oil to the U.S. Army in Iraq subsequently leading the U.S. Government to shell out $204 million in 'reimbursement costs' to Halliburton.

The Editorial cited the reasons for the exhorbitant cost:

"The conditions of war and the fact that Kuwait Petroleum Corp., the company that supplied the oil itself, backed Altanmia during the negotiations and was a hard-nosed bargainer".

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1 Comment

we know who is the kuwaiti behind the halliburton mess, hes still causing us trouble

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About this Entry

This page contains a single entry by Hilaliya published on March 4, 2006 12:34 PM.

NBK Hires Aussie Bank Embezzler? was the previous entry in this blog.

It's About Time: 'Arab League' To Open Franchise in Baghdad is the next entry in this blog.

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