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Essay / Research Paper Abstract
A 3 page paper that reports the suspected corruption related to the KBR energy construction projects in Nigeria. Bibliography lists 1 source.
Page Count:
3 pages (~225 words per page)
File: ME12_PGhlngri.rtf
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Unformatted sample text from the term paper:
one of the most-often practiced forms of corruption and this is the case with Halliburton, which later became Kellogg, Brown & Root (KBR). Halliburton was a large oil and
gas service company located in Texas. Under CEO Dick Cheney, Halliburton acquired Dresser Industries in 1998. Dresser owned M. W. Kellogg, a worldwide contractor, which was merged with one of
Halliburtons businesses and became Kellogg, Brown & Root (KBR). Kellogg was already involved in a major project in Nigeria with three other companies who had formed a consortium. The other
companies were: Technip from France; JGC from Japan; and ENI from Italy. The consortium was constructing a number of liquefied natural gas (LNG) plants in Nigeria. By 2004, that project
was worth more than $8 billion. Halliburton suddenly put KBR up for sale in 2005. It was rumored that Halliburton wanted to divorce itself from KBR because of scandals involving
KBR. One of those scandals was an allegation that KBR had overcharged the U.S. for services it had provided in Iraq. There were also questionable actions on the part of
KBR employees and Nigerian government officials. Like many scandals and unethical practices, these had begun years earlier. This particular one began in 1994 when Kellogg and its three partners
were bidding to construct two LNG plants, a project valued at $2 billion, one-fourth of which was owned by each of the four partners. It may have been an equal
partnership on paper but Kelloggs executives held the top positions in the consortium and two of the partners testified that Kellogg actually managed the deal. Kellogg had been negotiating
with Nigerias oil minister but in 1995, he was replaced and the new minister was not as cooperative as the former one had been. The new minister, Dan Etete, seemed
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