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HKN Power has reached a key milestone within the growth of Iraq’s Hamrin oil discipline after finalizing technical phrases with the Ministry of Oil (MOO), advancing the undertaking towards a full discipline growth contract.
The settlement was concluded in Kirkuk on the headquarters of the North Oil Firm (NOC) and builds on the Heads of Settlement signed in July 2025 between HKN and the Iraqi authorities. The brand new technical phrases define the framework for growing manufacturing and enhancing operational effectivity at Hamrin, one of many area’s underdeveloped property.
“This achievement marks an vital step towards a contract between HKN and the Authorities of Iraq,” stated Srood Mukhtar, Vice President of HKN Power. “We look ahead to rapidly concluding contract negotiations to ship a undertaking that strengthens Iraq’s vitality capability and immediately advantages its folks.”
HKN plans to deploy U.S. technical experience, tools, and funding as soon as a full contract is signed, with the target of quickly bringing new barrels on-line. The Texas-based firm holds the biggest vitality investments of any privately held agency working in Iraq and has been increasing its footprint throughout the nation’s upstream sector.
The Hamrin settlement comes as Iraq continues to pursue partnerships geared toward boosting home manufacturing capability, modernizing brownfield property, and enhancing operational reliability throughout growing old northern fields.
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