Halliburton Awarded Billion-Dollar Iraqi Oil Deal

KBR Contract Signals US Involvement

The US Army Corps of Engineers has awarded KBR a billion-dollar contract in Iraq. The deal is a significant development in the US's involvement in the country's oil industry.

Halliburton Deal Under Scrutiny

KBR is a subsidiary of Halliburton, a company that has been involved in controversial oil deals in Iraq in the past. The new contract has raised concerns about the potential for corruption and abuse.

The Iraqi government has approved a drilling deal with Halliburton worth $278.5 million. The deal is for drilling wells in a western gas field in Akkas.

• The deal is the latest in a series of oil contracts that Halliburton has secured in Iraq.
• The company has been involved in the country's oil industry since the early 2000s.
• Halliburton's involvement in Iraq has been controversial, with allegations of corruption and abuse.

The new contract is likely to raise further concerns about the US's role in Iraq's oil industry.

ExxonMobil's Exit from Iraq

Exxon Mobil is reportedly considering pulling out of Iraq following a series of setbacks. The company has been involved in a major oil project in the country since the early 2000s.

• ExxonMobil has invested billions of dollars in the project.
• The company has been unable to reach an agreement with the Iraqi government on terms for the project.
• ExxonMobil's exit from Iraq would be a major blow to the country's oil industry.

The company's decision to leave Iraq is a sign of the challenges facing foreign oil companies in the country.

Conclusion

The US Army Corps of Engineers has awarded KBR a billion-dollar contract in Iraq. The deal is a significant development in the US's involvement in the country's oil industry.

KBR is a subsidiary of Halliburton, a company that has been involved in controversial oil deals in Iraq in the past. The new contract has raised concerns about the potential for corruption and abuse.

The Iraqi government has approved a drilling deal with Halliburton worth $278.5 million. The deal is for drilling wells in a western gas field in Akkas.

Exxon Mobil is reportedly considering pulling out of Iraq following a series of setbacks. The company has been involved in a major oil project in the country since the early 2000s.