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Tue 9 Mar 2004 04:00 AM

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Talking Turkey

Halliburton’s alleged mishandling of oil supplies to the US military in Iraq means six Turkish firms and one US company benefit from new contracts worth over US $300 million.

Six Turkish firms and one US company are set to replace Halliburton in supplying US military with oil in Iraq after seven new contracts were awarded today [March 09].

The seven new contracts, which all depend on supplies from Turkey, were seen as inevitable following accusations Halliburton had overcharged for oil it acquired in Kuwait before selling it to the US military in Iraq.

Of the seven companies awarded contracts, the Texas-based Refinery Associates gets the lion’s share with US $108.5 million to deliver petrol and diesel.

Turcas Petrol ($59 million), Opet Petrolcul ($55 million) and Petrol Ofisi ($35 million) will also supply petrol and diesel, while Delta Unrunleri Ticaret ($18 million), Iprgaz ($17 million) and Tefirom ($15.8 million) will provide Liquified Petroleum Gas (LPG).

Several other minor contracts were also awarded for hardware components, international cargo transportation and environmental services.

Meanwhile, a senior US official in Baghdad told reporters to expect a host of announcements for new contracts worth $5 billion during the next month.

However, the official indicated these deals would only go to countries that had supported the US-led attack on Iraq.

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