HKN Energy to Develop Iraq's Hamrin Oil Field
The Ministry of Oil has signed an agreement in principle with HKN Energy to develop the Hamrin field in northern Iraq.
The agreement, signed on Tuesday between North Oil Company (NOC) and the US-based company aims to increase the field's output to 60,000 barrels per day, up from the current 20,000-25,000 bpd, and to capture and utilise 45-50 million standard cubic feet per day (mmscfd) of associated gas for power generation.
Oil Minister Hayan Abdul Ghani highlighted the government's commitment to working with reputable American and Western companies to develop Iraq's oil and gas assets and enhance energy output in support of the national economy. He noted the importance of investing in associated gas to help power electricity generation stations.
The agreement was signed in the presence of ministry officials, US Chargé d'Affaires Steven Fagin, and representatives from both companies. Fagin welcomed the partnership and expressed hope for more US business engagement in Iraq.
North Oil Company Director General Amer Khalil said the agreement lays the foundation for a future development contract covering all wells in the field and aims to train local staff and provide gas to electricity plants.
Matthew Zais, Vice President of HKN, said the company is proud to partner with the Ministry of Oil and aims to maximise the field's capacity while employing 80 percent Iraqi workers and contributing to local community development.
Earlier in the day, HKN reported an explosion at its Sarsang operations in Iraqi Kurdistan.
In May, HKN Energy and ONEX Group signed a binding term sheet with the Kurdistan Regional Government (KRG) to develop the Miran gas field through their new joint venture, Miran Energy. The KRG and Iraq's federal government have disagreed over the legitimacy of that contract.
(Source: Ministry of Oil)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Shafaq News
an hour ago
- Shafaq News
Israel warns of renewed strikes against Iran
Shafaq News – Tel Aviv On Tuesday, Israeli leaders signaled that military strikes on Iran could resume if necessary, a month after a fragile ceasefire ended their 12-day war. Israeli Army Chief of Staff Lt. Gen. Eyal Zamir declared in a public briefing that 'the campaign against Iran is not over,' emphasizing that Tehran and its regional allies remain firmly in Israel's sights. Israeli Blue and White Party chairman Benny Gantz echoed the warning during the Conference of Presidents in Jerusalem that Iran poses 'a global and regional problem and a threat to the State of Israel.' 'We cannot allow a nuclear Iran, and it was right that we struck there. We may need to strike there again," he added. Earlier, US President Donald Trump stood by last month's American strikes on Iranian nuclear facilities. 'We will do it again, if necessary!' he wrote on Truth Social, responding to Iranian Foreign Minister Abbas Araghchi's admission that the targeted sites had suffered extensive damage. Tensions between both sides have remained high since the June conflict, which involved nearly two weeks of missile and drone exchanges before a truce was reached. Iran's Supreme Leader Ali Khamenei and top military commanders warned Israel and the US of attacking the country again. 'Iran is capable of delivering a stronger blow to its enemies than what it carried out during last month's conflict with Israel,' Khamenei noted in a televised address.
Iraqi News
2 hours ago
- Iraqi News
Turkey seeks to expand energy agreement with Iraq
Baghdad ( – An official in the Iraqi Oil Ministry revealed on Monday that Ankara has submitted a proposal to Baghdad to renew and broaden the energy agreement between the two countries to encompass cooperation in oil, gas, petrochemicals, and electricity. The official's statements took place after Ankara announced on Monday that the long-running oil pipeline arrangement with Iraq, reached in 1973, will be terminated in 2026. The Iraqi Oil Ministry is evaluating the Turkish proposal to establish a mutually beneficial deal, according to the Iraqi official. According to a presidential decree issued by Turkish President Recep Tayyip Erdogan, the initial agreement, established in July 1973, will expire on July 27, 2026, together with any relevant protocols, annexes, and extensions. The 1973 agreement paved the way for the Iraq-Turkey crude oil pipeline. This critical infrastructure project enabled the transit of millions of barrels of Iraqi oil to the Turkish port of Ceyhan on the Mediterranean. This legal framework later played an important role in arbitration procedures sparked by the Kurdistan Regional Government's (KRG) oil exports through the pipeline. The KRG began exporting oil unilaterally through the pipeline, provoking the federal government in Baghdad to file an arbitration lawsuit against Turkey in 2014. Baghdad claimed that the KRG's oil exports through the pipeline violated Iraq's constitution. Crude oil supplies over the Iraq-Turkey pipeline, which handled around 0.5 percent of the world's oil supply, have been discontinued since March 2023. After the International Chamber of Commerce (ICC) in Paris determined that Ankara had broken a 1973 convention by allowing oil exports without the permission of Baghdad, oil flows via the Iraq-Turkey oil pipeline were halted. Efforts to restore oil exports have accelerated in 2025, with the Iraqi government approving a new oil agreement between Baghdad and the KRG in July. With the 1973 agreement set to expire in 2026, Ankara and Baghdad are now working on an updated legislative structure for energy cooperation.
Iraqi News
2 hours ago
- Iraqi News
Baghdad's Netaj unveils new push to boost Iraqi startups
Baghdad ( – Netaj, a Baghdad-based innovation firm, hosted an event in Baghdad focused on advancing Iraq's e-commerce sector and digital economy. The event brought together government officials, private sector representatives, diplomats, and technology experts to address sector challenges, including infrastructure, payment systems, and regulation. Netaj introduced a set of new initiatives aimed at supporting young Iraqi entrepreneurs and small businesses. Among them is a partnership with Haeiz, a digital retail platform that will offer tools, training, and support to help launch and manage online stores. The event also highlighted the progress of Nawat, a venture studio launched by Netaj earlier this year. Supporting over 40 startups, Nawat is building a $2 million fund to provide capital and operational support for early-stage businesses. These efforts form part of a broader strategy to expand access to digital tools and strengthen the foundations of Iraq's growing online economy.
