Iraq Signs Preliminary Deal With HKN Energy to Boost Himreen Output

The Iraqi government has signed a preliminary agreement with U.S.-based HKN Energy to develop the Himreen oilfield in northern Iraq, according to an official statement issued on 15 July. Under the deal, Baghdad aims to lift crude output from the field to about 60,000 barrels per day, expanding the country’s production capacity as it pursues broader plans to bolster energy revenues.