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.

In an international arbitration case between the Kurdistan Regional Government in Iraq and a consortium led by UAE-based Dana Gas, a London court has ruled the KRG to pay $1.98b in damages to the consortium.

Dana Gas and Crescent Petroleum in their capacity as joint operator of the Khor Mor field, have announced that total production in their gas operations in the Kurdistan Region of Iraq has reached 80,000 barrels of oil equivalent per day at the 4th anniversary of production.