KBR Oil Well Contract Cancelled, Work Give to Iraqi Company
The Iraq Project and Contracting Office and the Joint Contracting Command-Iraq/Afghanistan have terminated a $37-million contract with KBR to refurbish a number of oil wells in southern Iraq. The contract will be transferred to the Iraqi state-owned Southern Oil Co. and the money will be used to fund training and purchase equipment for Southern Oil Co to perform the work. -ENR, 9/5/05
So not only is the evil Halliburton subsidiary not taking over the country and doing all the work, they are reverting the work back to Iraqis once the initial rebuilding process has gotten under way. You may slowly begin putting your tinfoil hats away now.