HAL Nears Deal to Increase Production From Iraq's Nahr Bin Omar Field

Halliburton Company (HAL) , a leading U.S.-based oilfield services firm, is engaged in major talks with Iraq and is close to finalizing a deal for the development of the Nahr Bin Omar oilfield. The state-owned oil company of Iraq, Basra Oil Company (BOC), has announced that Halliburton and the country’s oil ministry are anticipated to sign a confidentiality agreement in the coming days. Once the deal is signed, Iraq will present the necessary information related to the Nahr Bin Omar field to Halliburton, in ...