12/15/2004


THE GALL OF THE GAULS

The French/UN are now accusing the U.S. of stealing Iraq oil money.

UN watchdog finds irregularities in US-administered Iraqi oil sales (15/12/2004)

UNITED NATIONS (AFP) A UN oversight board found irregularities in Iraq's oil export sales under US-led authorities between May 2003 and June 2004, including inadequate controls of extraction, use of non-competitive bidding and of barter transactions. In its report released Tuesday, the International Advisory and Monitoring Board for Iraq (IAMB) said it had also met delays in separate audits on sole-sourced contracts from the US Defense Contract Audit Agency. The board said it had requested the "special audits" after finding that "some contracts using DFI (Development Fund for Iraq) funds had been awarded to a Halliburton subsidiary without competitive bidding." Since the US-led war on Iraq in March 2003, Halliburton the US oil services giant once run by US Vice President Dick Cheney, has won some 10 billion dollars in contracts to restore Iraqi oil, feed, house and care for US troops in Iraq, but has been accused of accounting problems and overcharging.