Sarsang Block Oil and Ga (DFC-SARSANG)

Countries
  • Iraq
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
HKN Energy Ltd.
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Energy
  • Mining
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 21, 2020


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Project Description

According to bank documents, the Project involves the expansion of the Sarsang oil field development, including the drilling of up to 5 new wells, construction of a 21 km oil pipeline and the installation of a 25,000 bpd oil processing facility. The Project also involves the construction of ancillary infrastructure including worker accommodation, access roads and a flare designed to combust 17.250 million scf of associated gas per day. 

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
Contact Information

HKN Energy
278 English Village
Erbil, Iraq