Wednesday, October 19, 2005

Reality Strikes Again: "Oil For Dummies"

Missteps Hamper Iraqi Oil Recovery - Los Angeles Times:
"Current and former Iraqi oil officials expressed disappointment, frustration and anger at the U.S. performance.

They said that rather than tapping Iraqi state oil company officials, the U.S. program was overseen by American officials with little experience in the oil industry. In an interview, one senior U.S. official managing part of the restoration effort jokingly described his knowledge level as 'Oil for Dummies.'

Iraqi officials also said KBR relied too heavily on foreign contractors, conducted lengthy, unnecessary studies and failed to deliver promised equipment. They acknowledged that Iraq needed to spend more on its oil industry but wondered why the U.S. investment had not had more of an effect."
. . .

The parts will arrive perhaps by next summer, KBR officials told him.

Ibraheem said he had expected more.

"Frankly speaking, I am not satisfied with KBR's work. What I saw from KBR, their performance is not what we had expected. We heard a lot about KBR, but we're not satisfied.

"The results have meant nothing for us."

No comments: