here's excerpt, link follows --
Cheney's old company, Halliburton, the top oil services corporation in the U.S., filled its coffers with Iraqi money during the heyday of the Oil for Food program. When Cheney's was Halliburton's CEO, the company did not collect vouchers; rather, its subsidiaries took advantage of the opening created by the "Oil-for-Food" program to cut deals with Saddam Hussein's government that allowed it to take money directly from Iraq. During 1998 and 1999, Halliburton's Dresser Rand and Ingersoll Dresser Pump subsidiaries signed contracts to provide roughtly $73 million in oil production equipment and spare parts to Iraq.
The services provided by Halliburton's subsidiaries during the period when Cheney was chairman and chief executive officer of the Dallas-based company helped rebuild Iraq's oil production and distribution infrastructure. That work, which got Iraqi oil flowing, was, of course, necessary for the implementation of the "Oil-for-Food" program -- and, presumably for the abuses about which Cheney is now so concerned.
Under Cheney's leadership, the contracts obtained by Halliburton subsidiaries were among the most substantial awarded any U.S. firm doing business with Saddam Hussein. But they were not as ambitious as the company would have liked. A scheme to have Halliburton subsidiaries repair an Iraqi oil terminal that had been destroyed during the 1991 Gulf War was blocked by the U.S. government because it was determined to violate the sanctions regime.
http://www.thenation.com/thebeat/index.mhtml?bid=1&pid=1892