Pearl Petroleum Company has signed a $250 million financing agreement with the U.S. International Development Finance Corporation (“DFC”) to support the gas expansion works at Kurdistan’s Khor Mor gas plant

Dana Gas, and its partner Crescent Petroleum have resumed the expansion project at the Khor Mor field in the Kurdistan Region of Iraq (KRI), which the companies jointly operate on behalf of the Pearl Petroleum consortium, according to press release.

Tarek El Molla, Minister of Petroleum and Mineral Resources, participated in the World Economic Forum’s (WEF) fifth meeting of the Regional Energy Work Group in the Middle East and North Africa (MENA) region to discuss the industry's best practices and the best way forward.

Crescent Petroleum is seeking to further reduce its already low levels of gas flaring from operations. The company’s strategy is based on implementing plans to eliminate the use of all single-use plastics.

Crescent Petroleum is setting a strategy to double natural gas production capacity in the Kurdistan Region of Iraq (KRI) over the next two or three years.

Pearl Petroleum plans to increase its investments in the Kurdistan Region of Iraq (KRI), according to Patrick Allman-Ward, Dana Gas CEO.

A consortium led by Dana Gas and Crescent Petroleum has inked a gas sales deal with KRG to increase gas output by 63% in two years.

Dana Gas and its partner Crescent Petroleum have announced a 30% increase of the production capacity of the Khor Mor field in Iraqi Kurdistan.

Iraq will sign development contracts on June 2 and 3 for six blocks awarded during the last licensing round.

Iraqi officials have set June 14 as the deadline for investors to bid for the 100,000 b/d Kut refinery.