Iraq Signs Deals with Two US Oil Companies to Raise Output
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4 Articles
Iraq signs deals with two US oil companies to raise output
Iraq has signed agreements with two US energy companies to raise oil and gas production. The state-owned North Oil Company and US company HKN Energy inked a contract on Thursday to develop the Hamrin field in northern Iraq. The deal aims to increase production to 140,000 barrels per day of oil and 40 million standard cubic feet per day (mmscfd) of gas from the field, the Iraq News Agency reported, quoting an oil ministry statement. Oil minister …
Iraq sign deal with HKN Energy to develop Hamrin field
Baghdad (IraqiNews.com) – Iraqi state-owned North Oil Company (NOC) signed a deal on Thursday with US-based HKN Energy to develop the Hamrin field in northern Iraq. The step is part of the Iraqi Ministry of Oil’s goal to effectively utilize resources and boost oil and gas output. During a ceremony held to sign the deal, Oil Minister Basim Khudair confirmed that the step is consistent with the government’s strategy to provide sufficient oil and g…
The Iraqi Ministry of Oil has announced the signing of a contract between the Iraqi state oil company and the U.S. company HKN for the development of the Hamrin field in northern Iraq, in a further impulse of this new government to approach Washington. According to a statement from the Iraqi ministry, the maximum production of the field, according to the contract, will reach 140,000 barrels of crude oil per day, with an average gas production of…
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