'Massive problems' tracking Iraq oil

[NeoConsSuck]

UNITED NATIONS (CNN) - Iraq still has "massive problems" in monitoring its oil revenues, including no oil metering system to measure output and the failure to use competitive bidding for all contracts, an auditing board said after a meeting Wednesday.

Members of the International Advisory and Monitoring Board have "repeatedly raised" the issues with the U.S. Coalition and the Iraqi government, according to Jean-Pierre Halbwachs, the group's U.N. representative, who spoke to reporters.

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The board also is waiting for the U.S. government to collect $208.5 million in "questioned costs" from a Kellogg, Brown & Root (KBR) contract and turn the money over to the Iraqi government.

The request was made last month, and while the board has no enforcement power, Halbwachs said the issue will be raised again in meetings with Department of Defense officials.

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Absent from the IAMB meeting Wednesday was the Iraqi government representative who ran into U.S. visa delays, Halbwachs said.

http://money.cnn.com/2005/12/28/news/international/iraqoil/index.htm