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Hamrin deal signed as Iraq accelerates U.S. oil partnerships

The contract sets a production target of 140,000 bpd and extends a wave of agreements with American companies ahead of Prime Minister Zaidi's visit to Washington.
Oil Minister Bassim Mohammed Khudair (center) oversees the signing of a contract between the state-run North Oil Company and the U.S. firm HKN Energy in Baghdad on July 9, 2026. (Photo credit: Oil Ministry)