Cheney is still paid by Pentagon contractor Bush deputy gets up to $1m from firm with Iraq oil deal Robert Bryce in Austin, Texas and Julian Borger in Washington
Wednesday March 12, 2003
Halliburton, the Texas company which has been awarded the Pentagon's contract to put out potential oil-field fires in Iraq and which is bidding for postwar construction contracts, is still making annual payments to its former chief executive, the vice-president (sic) Dick Cheney.
The payments, which appear on Mr Cheney's 2001 financial disclosure statement, are in the form of "deferred compensation" of up to $1m (£600,000) a year.
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The defence department contract awarded to the Halliburton subsidiary, Kellog, Brown & Root (KBR), to control oil fires if Saddam Hussein sets the well heads alight, will put the company in an excellent position to bid for huge contracts when Iraq's oil industry is rehabilitated.
KBR has already benefited considerably from the "war on terror". It has so far been awarded contracts worth nearly $33m to build the detention camp at Guantanamo Bay in Cuba for al-Qaida suspects.<snip>
-Lori Price