Dana Gas, the Middle East’s first and largest regional private-sector natural gas company, yesterday inaugurated its new Suleymaniya office in the Kurdistan Region of Iraq. Othman Shwani, Minister of Planning of the Kurdistan Regional Government (KRG) and Hamid Dhiya Jafar, Executive Chairman of Dana Gas, opened the office in the presence of local officials, members of Dana Gas board of directors and senior management of the company.

The Kurdistan Regional Government signed an agreement with Dana Gas to produce, process and transport natural gas from the Khor Mor gas field and to appraise the Chemchemal gas field for development, to provide natural gas supplies to fuel domestic electric power generation plants currently under construction near Erbil and Suleymania.

The Khor Mor project is now 60 per cent complete with production on schedule for early 2008. Seismic activities on both the Khor Mor and Chemchemal fields have also started, with development drilling of the Khor Mor early next year, followed by the drilling of the Chemchemal appraisal wells.

“Dana Gas is proud to play an important role in the advancement of the Kurdistan region of Iraq, through fast-track implementation of these vital infrastructure projects,” said Hamid Dhiya Jafar, Executive Chairman of Dana Gas. “We intend to play a major role in all parts of Iraq by increasing our investments in the Iraqi natural gas sector and its related industries for the benefit of the people.”

(Zaywa)