IRAQ

 

Iraq Awakens Sleeping Giant At Hamrin

 

Iraq has announced first oil flow from early production facilities at the 1.5bn barrel Hamrin oil field, part of which lies within the giant Kirkuk structure. The project has been on the back burner for years but is being rushed as the ministry strives to boost oil output from central and northern fields as Kirkuk has declined. Meanwhile, the state budget, which relies almost exclusively on oil revenues to generate income, is in...