U.S. owes Iraq $208 million, auditor says

"An auditing board sponsored by the United Nations recommended Friday that the United States repay as much as $208 million to the Iraqi government for contracting work in 2003 and 2004 assigned to Kellogg, Brown & Root, the Halliburton Co. subsidiary.

The work was paid for with Iraqi oil proceeds, but the board says it was either carried out at inflated prices or done poorly. The board did not give examples of poor work.

Some of the work involved postwar fuel imports carried out by KBR that previous audits have criticized as grossly overpriced. But this is the first time that an international auditing group has suggested that the United States repay some of that money to Iraq."
SFGate