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Halliburton Gouging
On Fuel - Pentagon

12-12 03


WASHINGTON (Reuters) - A Pentagon audit of Halliburton, the oil services firm once run by Vice President Dick Cheney, has found the company overcharged for fuel it brought into Kuwait from Iraq, military sources said Thursday.
 
The officials said that Kellogg Brown and Root, which won a no-bid U.S. government contract to rebuild Iraq's oil industry, had been notified by the Pentagon's Defense Contract Audit Agency of the overpricing.
 
Halliburton (HAL: Research, Estimates) stock fell about 1 percent in an otherwise up market in late trading Thursday.
 

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