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Gulf War profiteering.(Insider Report)
"One of the main bidders lot the lucrative contract to rebuild the Iraqi oil industry has dropped out of the race, amid concerns that the [bidding] process unfairly favors Halliburton, the company with close ties to the U.S. Vice President, Dick Cheney," reported the August 9th Guardian of London. A Halliburton subsidiary, Kellogg Brown & Root, "was quietly awarded a contract" to rebuild Iraq's oil infrastructure last spring without putting in a bid. Bechtel, a California-based construction conglomerate, "now plans to sidestep Washington and apply directly to the Iraqi oil ministry for work."
After being selected as George W. Bush's running mate in 2000, Dick Cheney resigned as Halliburton's CEO, receiving a $36 million severance package. Cheney's service as the head of Halliburton was book-ended by his involvement in the two Gulf Wars--and the firm has profited handsomely both times. Halliburton received a contract from Saddam Hussein in 1991 to rebuild destroyed oil fields.
Halliburton has also received subsidies through the Export-Import Bank to carry out major construction projects on behalf of Beijing. The Ex-Im Bank, according to a fact sheet, "exists to support ...
- Philip Merrill Sworn in as President & Chairman of Ex-Im Bank.
- Press release article from: PR Newswire December 4, 2002 700+ words
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...since 1996 that the Ex-Im Bank has invoked environmental...LNG). But the Ex-Im Bank's decision seriously...implications of the Ex-Im Bank's decision in relation...through vice-president Dick Cheney. He was chief executive...
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- Magazine article from: Business America Phifer, Angela M. October 1, 1997 700+ words
...Import Bank of the United States (Ex-Im Bank). As the official export credit agency of the United States, Ex-Im Bank is sustaining high-quality American...1992, with over 80 percent of Ex-Im Bank's transactions supporting small businesses...
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- Press release article from: PR Newswire December 5, 2003 700+ words
...Import Bank of the United States (Ex-Im Bank) joined export credit agencies (ECAs...facilitate Iraqi reconstruction. Ex-Im Bank's Board of Directors last week approved...with today's signing ceremony. "Ex-Im Bank is committed to participating with other...
- Ex-Im Bank Authorizes $600 Million in Medium-Term Financing to Support U.S....
- Press release article from: PR Newswire August 10, 2004 700+ words
...Export-Import Bank of the United States (Ex-Im Bank) authorized $600 million in medium-term...the largest single country market for Ex-Im Bank-supported U.S. exports. Ex-Im Bank's medium-term financing typically supports...
- Ex-Im Bank's insurance programs are pointed in new directions. (Export-Import...
- Magazine article from: Business America Formella, Linda February 1, 1995 700+ words
...business environment. Since 1992 when Ex-Im Bank brought all of its insurance programs...percent over the previous year. Ex-Im Bank's export credit insurance program helps...political or commercial reasons. Ex-Im Bank tailors its policies to the insurance...
- Ex-Im Bank Signs Agreement to Support Trade Bank of Iraq.
- Press release article from: PR Newswire December 5, 2003 700+ words
...Import Bank of the United States (Ex-Im Bank) joined export credit agencies (ECAs...facilitate Iraqi reconstruction. Ex-Im Bank's Board of Directors last week approved...with today's signing ceremony. "Ex-Im Bank is committed to participating with other...
- Ex-Im Bank Helps Finance First Boeing 737-700 Aircraft Sale to Air Senegal...
- Press release article from: PR Newswire July 19, 2005 700+ words
...Import Bank of the United States (Ex-Im Bank) is assisting in financing the first...Senegal on July 11. Today in Senegal, Ex-Im Bank Board Member Linda Conlin participated...The transaction is the largest Ex-Im Bank financing ever done in Senegal. "Ex...
- EX-IM BANK Advances Know-Your-Customer Initiative, Adopts Guidelines To Enhance...
- Press release article from: M2 Presswire January 14, 2008 700+ words
M2 PRESSWIRE-14 January 2008-EX-IM BANK: EX-IM BANK Advances Know-Your-Customer Initiative, Adopts Guidelines...of the Export-Import Bank of the United States (Ex-Im Bank) has adopted guidelines for Transaction Due Diligence...
Source: HighBeam Research, Gulf War profiteering.(Insider Report)