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Saturday, Mar 29, 2003

hall to the chiefs

"After taking some political heat, Halliburton is stepping out of the kitchen. The giant energy and construction firm once managed by Vice President Dick Cheney is no longer in the running for a $600 million rebuilding contract in postwar Iraq, NEWSWEEK has learned.

Timothy Beans, The chief acquisition officer for the U.S. Agency for International Development, said in an interview that Halliburton is not one of the two finalists to be prime contractor for the reconstruction of Iraq, though the Houston-based firm could take part as a subcontractor. The contract is to be awarded next week."