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Audit: U.S. can’t account for $8.7B in Iraq oil money (AP)

July 27th, 2010 | Author: admin

FILE - In this Dec. 13, 2009 file photo, Iraqi workers are seen at the Rumaila oil refinery, near the city of Basra, 550 kilometers (340 miles) southeast of Baghdad, Iraq. A U.S. audit has found that the Defense Department can't properly account for how it spent about 95 percent of $9.1 billion in Iraqi oil money earmarked for rebuilding the war-ravaged country.(AP Photo/Nabil al-Jurani, File)AP – The U.S. Defense Department is unable to properly account for over 95 percent of $9.1 billion in Iraqi oil money tapped by the U.S. for rebuilding the war ravaged nation, according to an audit released Tuesday.


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