CNN/Money 
CNNMoney.com
News > International
graphic
Halliburton deal brings Kuwaiti probe
Parliament will see if government money was misused in fuel-supply deal with oil-services firm.
February 11, 2004: 8:16 AM EST

KUWAIT CITY, Kuwait (CNN) - Kuwait's parliament agreed Wednesday to investigate whether the government misused public funds when it signed a contract with Halliburton Corp. to supply fuel to U.S. troops in Iraq.

Kuwaiti MPs will hold energy minister Sheikh Ahmed Fahd Al-Sabah responsible if it finds violations in the contract between Kellogg Brown and Root (KBR), Kuwait Petroleum Corp. (KPC) and al-Tanmiya, a middleman corporation based in Kuwait.

During the weekend, the energy minister opened a separate criminal investigation into the contract. Some MPs accuse the minister of covering his tracks.

YOUR E-MAIL ALERTS
Kuwait to probe use of funds in Halliburton deal - Feb. 11, 2004
CNN/Money 
CNNMoney.com
News > International
graphic
Halliburton deal brings Kuwaiti probe
Parliament will see if government money was misused in fuel-supply deal with oil-services firm.
February 11, 2004: 8:16 AM EST

KUWAIT CITY, Kuwait (CNN) - Kuwait's parliament agreed Wednesday to investigate whether the government misused public funds when it signed a contract with Halliburton Corp. to supply fuel to U.S. troops in Iraq.

Kuwaiti MPs will hold energy minister Sheikh Ahmed Fahd Al-Sabah responsible if it finds violations in the contract between Kellogg Brown and Root (KBR), Kuwait Petroleum Corp. (KPC) and al-Tanmiya, a middleman corporation based in Kuwait.

During the weekend, the energy minister opened a separate criminal investigation into the contract. Some MPs accuse the minister of covering his tracks.

YOUR E-MAIL ALERTS
Kuwait to probe use of funds in Halliburton deal - Feb. 11, 2004
CNN/Money 
CNNMoney.com
News > International
graphic
Halliburton deal brings Kuwaiti probe
Parliament will see if government money was misused in fuel-supply deal with oil-services firm.
February 11, 2004: 8:16 AM EST

KUWAIT CITY, Kuwait (CNN) - Kuwait's parliament agreed Wednesday to investigate whether the government misused public funds when it signed a contract with Halliburton Corp. to supply fuel to U.S. troops in Iraq.

Kuwaiti MPs will hold energy minister Sheikh Ahmed Fahd Al-Sabah responsible if it finds violations in the contract between Kellogg Brown and Root (KBR), Kuwait Petroleum Corp. (KPC) and al-Tanmiya, a middleman corporation based in Kuwait.

During the weekend, the energy minister opened a separate criminal investigation into the contract. Some MPs accuse the minister of covering his tracks.

YOUR E-MAIL ALERTS
Kuwait to probe use of funds in Halliburton deal - Feb. 11, 2004
CNN/Money 
News > International
graphic
Halliburton deal brings Kuwaiti probe
Parliament will see if government money was misused in fuel-supply deal with oil-services firm.
February 11, 2004: 8:16 AM EST

KUWAIT CITY, Kuwait (CNN) - Kuwait's parliament agreed Wednesday to investigate whether the government misused public funds when it signed a contract with Halliburton Corp. to supply fuel to U.S. troops in Iraq.

Kuwaiti MPs will hold energy minister Sheikh Ahmed Fahd Al-Sabah responsible if it finds violations in the contract between Kellogg Brown and Root (KBR), Kuwait Petroleum Corp. (KPC) and al-Tanmiya, a middleman corporation based in Kuwait.

During the weekend, the energy minister opened a separate criminal investigation into the contract. Some MPs accuse the minister of covering his tracks.

YOUR E-MAIL ALERTS
Kuwait to probe use of funds in Halliburton deal - Feb. 11, 2004
CNN/Money 
News > International
graphic
Halliburton deal brings Kuwaiti probe
Parliament will see if government money was misused in fuel-supply deal with oil-services firm.
February 11, 2004: 8:16 AM EST

KUWAIT CITY, Kuwait (CNN) - Kuwait's parliament agreed Wednesday to investigate whether the government misused public funds when it signed a contract with Halliburton Corp. to supply fuel to U.S. troops in Iraq.

Kuwaiti MPs will hold energy minister Sheikh Ahmed Fahd Al-Sabah responsible if it finds violations in the contract between Kellogg Brown and Root (KBR), Kuwait Petroleum Corp. (KPC) and al-Tanmiya, a middleman corporation based in Kuwait.

During the weekend, the energy minister opened a separate criminal investigation into the contract. Some MPs accuse the minister of covering his tracks.

YOUR E-MAIL ALERTS

Shortly after the contract was signed in May 2003, allegations arose that it violated the country's contracting rules because it used al-Tanmiya without allowing other companies to bid for the contract.

The U.S. Army hired KBR, which bought fuel from KPC, which used al-Tanmiya to deliver the fuel to U.S. troops in Iraq.

Meanwhile, the Defense Department is investigating whether Halliburton (HAL: Research, Estimates) overcharged for the fuel delivered to Iraqi civilians.

Kuwaiti parliamentarians pulled together the request to conduct their own political investigation, which could lead to the use of certain political options, such as cross-examining the energy minister and forcing Kuwait Petroleum Corp. to open its accounting books.

Earlier this month, Kellogg, Brown and Root agreed to refund the U.S. government $27.4 million for potential overbillings at five dining halls in Iraq and Kuwait, according to the Pentagon.

Several Democratic presidential candidates have blasted the Bush administration for cronyism, decrying contracts in Iraq awarded to Vice President Dick Cheney's former company.

Cheney said that Halliburton is being unfairly maligned for its work in Iraq by political opponents of the Bush administration who are "feeling desperate."

All of the contracting companies doing work in Iraq with the U.S. undergo Pentagon audits. KBR is the largest of those companies with some $8 billion in contracts.  Top of page




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graphic graphic

Shortly after the contract was signed in May 2003, allegations arose that it violated the country's contracting rules because it used al-Tanmiya without allowing other companies to bid for the contract.

The U.S. Army hired KBR, which bought fuel from KPC, which used al-Tanmiya to deliver the fuel to U.S. troops in Iraq.

Meanwhile, the Defense Department is investigating whether Halliburton (HAL: Research, Estimates) overcharged for the fuel delivered to Iraqi civilians.

Kuwaiti parliamentarians pulled together the request to conduct their own political investigation, which could lead to the use of certain political options, such as cross-examining the energy minister and forcing Kuwait Petroleum Corp. to open its accounting books.

Earlier this month, Kellogg, Brown and Root agreed to refund the U.S. government $27.4 million for potential overbillings at five dining halls in Iraq and Kuwait, according to the Pentagon.

Several Democratic presidential candidates have blasted the Bush administration for cronyism, decrying contracts in Iraq awarded to Vice President Dick Cheney's former company.

Cheney said that Halliburton is being unfairly maligned for its work in Iraq by political opponents of the Bush administration who are "feeling desperate."

All of the contracting companies doing work in Iraq with the U.S. undergo Pentagon audits. KBR is the largest of those companies with some $8 billion in contracts.  Top of page




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Stocks poised for a dip
Free WiFi in 47 airports! Thanks, Google




graphic graphic

Shortly after the contract was signed in May 2003, allegations arose that it violated the country's contracting rules because it used al-Tanmiya without allowing other companies to bid for the contract.

The U.S. Army hired KBR, which bought fuel from KPC, which used al-Tanmiya to deliver the fuel to U.S. troops in Iraq.

Meanwhile, the Defense Department is investigating whether Halliburton (HAL: Research, Estimates) overcharged for the fuel delivered to Iraqi civilians.

Kuwaiti parliamentarians pulled together the request to conduct their own political investigation, which could lead to the use of certain political options, such as cross-examining the energy minister and forcing Kuwait Petroleum Corp. to open its accounting books.

Earlier this month, Kellogg, Brown and Root agreed to refund the U.S. government $27.4 million for potential overbillings at five dining halls in Iraq and Kuwait, according to the Pentagon.

Several Democratic presidential candidates have blasted the Bush administration for cronyism, decrying contracts in Iraq awarded to Vice President Dick Cheney's former company.

Cheney said that Halliburton is being unfairly maligned for its work in Iraq by political opponents of the Bush administration who are "feeling desperate."

All of the contracting companies doing work in Iraq with the U.S. undergo Pentagon audits. KBR is the largest of those companies with some $8 billion in contracts.  Top of page




  More on NEWS
Banker's bonuses: 40% bigger this year
Sprint to slash up to 2,500 jobs
Google's gift: Free WiFi in 47 airports
  TODAY'S TOP STORIES
Autos: Everything is not OK
Stocks poised for a dip
Free WiFi in 47 airports! Thanks, Google




graphic graphic

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy

Shortly after the contract was signed in May 2003, allegations arose that it violated the country's contracting rules because it used al-Tanmiya without allowing other companies to bid for the contract.

The U.S. Army hired KBR, which bought fuel from KPC, which used al-Tanmiya to deliver the fuel to U.S. troops in Iraq.

Meanwhile, the Defense Department is investigating whether Halliburton (HAL: Research, Estimates) overcharged for the fuel delivered to Iraqi civilians.

Kuwaiti parliamentarians pulled together the request to conduct their own political investigation, which could lead to the use of certain political options, such as cross-examining the energy minister and forcing Kuwait Petroleum Corp. to open its accounting books.

Earlier this month, Kellogg, Brown and Root agreed to refund the U.S. government $27.4 million for potential overbillings at five dining halls in Iraq and Kuwait, according to the Pentagon.

Several Democratic presidential candidates have blasted the Bush administration for cronyism, decrying contracts in Iraq awarded to Vice President Dick Cheney's former company.

Cheney said that Halliburton is being unfairly maligned for its work in Iraq by political opponents of the Bush administration who are "feeling desperate."

All of the contracting companies doing work in Iraq with the U.S. undergo Pentagon audits. KBR is the largest of those companies with some $8 billion in contracts.  Top of page




  More on NEWS
Banker's bonuses: 40% bigger this year
Sprint to slash up to 2,500 jobs
Google's gift: Free WiFi in 47 airports
  TODAY'S TOP STORIES
Autos: Everything is not OK
Stocks poised for a dip
Free WiFi in 47 airports! Thanks, Google




graphic graphic

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.

Shortly after the contract was signed in May 2003, allegations arose that it violated the country's contracting rules because it used al-Tanmiya without allowing other companies to bid for the contract.

The U.S. Army hired KBR, which bought fuel from KPC, which used al-Tanmiya to deliver the fuel to U.S. troops in Iraq.

Meanwhile, the Defense Department is investigating whether Halliburton (HAL: Research, Estimates) overcharged for the fuel delivered to Iraqi civilians.

Kuwaiti parliamentarians pulled together the request to conduct their own political investigation, which could lead to the use of certain political options, such as cross-examining the energy minister and forcing Kuwait Petroleum Corp. to open its accounting books.

Earlier this month, Kellogg, Brown and Root agreed to refund the U.S. government $27.4 million for potential overbillings at five dining halls in Iraq and Kuwait, according to the Pentagon.

Several Democratic presidential candidates have blasted the Bush administration for cronyism, decrying contracts in Iraq awarded to Vice President Dick Cheney's former company.

Cheney said that Halliburton is being unfairly maligned for its work in Iraq by political opponents of the Bush administration who are "feeling desperate."

All of the contracting companies doing work in Iraq with the U.S. undergo Pentagon audits. KBR is the largest of those companies with some $8 billion in contracts.  Top of page




  More on NEWS
Banker's bonuses: 40% bigger this year
Sprint to slash up to 2,500 jobs
Google's gift: Free WiFi in 47 airports
  TODAY'S TOP STORIES
Autos: Everything is not OK
Stocks poised for a dip
Free WiFi in 47 airports! Thanks, Google




graphic graphic

© 2009 Cable News Network. A Time Warner Company. All Rights Reserved. Terms under which this service is provided to you. Privacy Policy
Copyright © 2009 BigCharts.com Inc. All rights reserved. Please see our Terms of Use.
MarketWatch, the MarketWatch logo, and BigCharts are registered trademarks of MarketWatch, Inc.
Intraday data provided by Interactive Data Real-Time Services and subject to the Terms of Use.
Intraday data is at least 20-minutes delayed. All times are ET.
Historical, current end-of-day data, and splits data provided by Interactive Data Pricing and Reference Data.
Fundamental data provided by Morningstar, Inc..
SEC Filings data provided by Edgar Online Inc..
Earnings data provided by FactSet CallStreet, LLC.