By John Lee. Pearl Petroleum is reportedly planning to raise additional funding for its drilling and development in Iraqi Kurdistan, According to Reuters, Patrick Allman-Ward, the chief executive of Dana Gas, which is the majority owner of Pearl Petroleum, told reporters that the funding will "comprise a mix of bank debt, a bond, Exim bank […]
Tag Archives | Chemchamal
Tags: Abu Dhabi, Chemchamal, Chemchemal, Crescent Petroleum, Dana Gas, drilling, featured, fundraising, Khor Mor, Kurdistan News, mn, Pearl Petroleum, United Arab Emirates (UAE)
$700m Investment in Kurdistan Gas Project
Pearl Petroleum Company Limited, the consortium led by Crescent Petroleum and Dana Gas of the UAE, has signed a new 20-year Gas Sales Agreement (GSA) with the Kurdistan Regional Government (KRG) to enable production and sales of an additional 250 MMscf/day that the consortium aims to produce by 2021 as part of their expansion plans […]
Tags: Chemchamal, Crescent Petroleum, Dana Gas, featured, Khor Mor, KRG, Kurdistan News, mn, Pearl Petroleum, United Arab Emirates (UAE)
KRG to pay $1bn to Pearl in "Full and Final Settlement"
The Kurdistan Regional Government (KRG) will immediately pay $1 billion to the Pearl Consortium, including Dana Gas, and its partners to settle a long-running legal dispute. In a joint press release, the Kurdistan Regional Government and Pearl Consortium announced the "full and final settlement" between the two parties. Below is the full press release: Settlement […]
Tags: Chemchamal, Chemchemal, Crescent Petroleum, Dana Gas, featured, Khor Mor, KRG, Kurdistan News, Pearl Petroleum
Dana Gas 'Still Waiting' for $1.98bn from KRG
By John Lee. Bloomberg reports that Dana Gas PJSC is still waiting for payment of the $1.98 billion that it and two other energy companies -- Crescent Petroleum and Pearl Petroleum -- were awarded by the London Court of International Arbitration (LCIA) in November. The court gave the Kurdistan Regional Government 28 days to pay […]
Tags: Chemchamal, Dana Gas, featured, gas reserves, Khor Mor, KRG, Kurdistan News, Sharjah, United Arab Emirates (UAE)
Dana Gas Shares Rise on $2bn Iraq Judgement
By John Lee. Dana Gas has announced that the London Court of International Arbitration (LCIA) has ordered the Kurdistan Regional Government (KRG) to pay $1.98 billion to a consortium that it leads. In a statement to the Abu Dhabi stock exchange, the Sharjah-based company claims that the judgement is final, binding and internationally enforceable, and […]