Halliburton Co., the world’s second largest oil services company, repeatedly overcharged taxpayers and provided substandard cost reports under a $1.2 billion contract to restore Iraq’s southern oil fields, according to a new report by U.S. Rep. Henry Waxman (news, bio, voting record). Waxman, a California Democrat, said Democratic staff members of the House Committee on Government Reform examined a series of previously undisclosed government audits and correspondence that criticized Halliburton’s performance under the “Restore Iraqi Oil 2” (RIO2) contract. Full Story
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