Report Cites Profit by Americans in Sale of Iraqi Oil
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U.S. oil companies and a Texas oil investor received lucrative vouchers that enabled them to buy Iraqi oil under the U.N. oil-for-food program.
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A Bush administration report on Iraq shows satisfactory progress on eight benchmarks, unsatisfactory progress on another eight and mixed results on the other two
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Halliburton Co., , the world's second-largest oil services company, said on Monday that second-quarter profit from continuing operations rose 19 percent, topping Wall Street views, helped by new international contracts.
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U.S. oil companies received lucrative vouchers that enabled them to buy Iraqi oil under the U.N. oil-for-food program.
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Saddam Hussein made $11 billion in illegal income and eroded the world's toughest economic embargo during his final years as Iraq's leader through shrewd schemes to secretly buy off dozens of countries, top foreign officials and major international figures,  said a new report by the chief U.S. weapons inspector released yesterday.
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Halliburton, the Texas company once  run by Vice President Dick Cheney, has been given more than $10  billion worth of business in Iraq so far despite critical  audits and investigations into its work.
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World No. 2 oil field company said profit squeezed by asbestos settlement, revenue higher on Iraq. HOUSTON  - Halliburton Co.
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US oil prices rose on Monday as Iraq&#39;s oil exports continued at more than 30 percent below normal after sabotage attacks on pipelines.
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The insurgency in Iraq is financially self-sustaining, pulling in millions of dollars a year from illegal activities and ransom payments, The New York Times reported on its Web site Saturday.
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DEARBORN, Michigan  - Iraqi-Americans, who overwhelmingly supported the U.S.-led invasion of Iraq, reacted with frustration to a White House report on Thursday that said the Iraqi government had failed to meet its goals.
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Exxonâs profit of $39.5 billion broke the record it set last year for the largest profit ever by an American company.
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Exxonâs $40.6 billion in net income in 2007 exceeded the companyâs own record for profits at a U.S. corporation.
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Russian firms bought about 30 percent of the oil sold under Iraq&#39;s now-defunct oil-for-food program, according to a UN investigator&#39;s extensive list of companies that did business with Saddam Hussein&#39;s government.
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Oil services firm reports record profits but hints the fourth quarter won't be as rosy
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Among the political benchmarks the Bush administration has embraced to chart progress in Iraq, approval by the Iraqi parliament of a hydrocarbon law looms large. Oil provides 95 percent of Iraq's national income, making the recovery of the country's oil sector critical to reducing the United States'...
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Almost until the eve of the invasion of Iraq in March 2003, U.S. oil companies, including ExxonMobil and ChevronTexaco, were among the largest purchasers of Iraqi crude oil.
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When it comes to taking oil and natural gas from government land and waters, the oil companies are getting a good deal, says a congressional report.