An official at American energy company HKN announced that the company will shut down all its operations in Iraq, citing the war. The full scope and timeline of the closure are not yet detailed.
An official at US energy company HKN announced that the firm will close all its operations in Iraq due to the ongoing war. The decision marks a significant corporate pullout from the conflict-affected country. The Zioneer has previously reported on the deteriorating security environment in Iraq amid the US-Iran confrontation, including the halt of oil loading at Iraqi export terminals and US warnings for citizens to leave the country. The closure of HKN's operations adds to the economic fallout of the war in the region. Further details on the timeline and scope of the shutdown are awaited.
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