By John Lee. Dana Gas has reported a net profit of AED 270 million ($74 million) for Q1 2026, a 72% year-on-year increase. Regarding operation in the Kurdistan Region of Iraq (KRI), the company said: "Following the completion of the KM250 expansion, the Company successfully demonstrated enhanced system capacity, with gas production exceeding 700 MMscf/d […]
By John Lee. Dana Gas has resumed production at the Khor Mor gas facility in the Kurdistan Region of Iraq, following a period of intermittent operations in recent weeks. The company said it implemented precautionary operational measures during the disruption, working in coordination with government authorities while prioritising the safety of personnel and assets. No […]
By John Lee. Long-term gas sales agreements have been signed to supply natural gas from the Chemchemal field to major industrial consumers in the Kurdistan Region of Iraq. The agreements were announced by Dana Gas PJSC and Crescent Petroleum, together with their partners in the Pearl Petroleum Consortium. They provide for the supply of up […]
By John Lee. The Office of the Commander-in-Chief of the Armed Forces has confirmed the results of the investigation into the 26 November drone attack on the Khor Mor gas field in Sulaymaniyah. Chaired by the Minister of Interior and involving federal and Kurdistan Region security agencies, the committee reported that the attack was conducted […]
From Amwaj Media. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. More questions than answers in Iraq as key gas facility comes under fire An attack on key natural gas facilities in Iraqi Kurdistan has cut output and temporarily left millions suffering from widespread […]
By John Lee. The Kurdistan Regional Government (KRG), along with international leaders, has condemned Thursday's attack on the Khor Mor gas field. It added that the attack was, "a direct consequence of the absence of decisive measures [by Baghdad] against those responsible for previous attacks." The field's operator, UAE-based Dana Gas, has not issued any […]
By John Lee. Dana Gas and Crescent Petroleum have announced the start of commercial gas sales from the KM250 gas expansion project at the Khor Mor facility in the Kurdistan Region of Iraq, marking a 50% increase in processing capacity. Completed eight months ahead of schedule, the KM250 project adds 250 million standard cubic feet […]
By John Lee. Dana Gas has announced its financial results for the half-year ended 30th June 2025, which included the following: Net Profit: AED 270 million ($73 million) in H1 2025, a 1% increase over H1 2024. Revenue: AED 627 million ($171 million) in H1 2025, down from AED 696 million ($190 million) in H1 […]
By John Lee. Dana Gas has announced accelerated development at Kurdistan's Khor Mor and Chemchemal fields. Full statement from Dana Gas Dana Gas, the Middle East's leading publicly listed regional natural gas company, and its partner Crescent Petroleum, the oldest private oil & gas company in the Middle East, together with their partners in the […]
By John Lee. Gas production at Khor Mor's KM250 expansion is expected to start in Q2 2026. In its results for FY 2024, Dana Gas said: "In September 2024, Pearl Petroleum took over full responsibility for the KM250 expansion project following the termination of the original EPC contractor. Construction resumed fully in December and the […]
By John Lee. UAE-based Dana Gas has announced its financial results covering nine months to 30th September 2024. Regarding the company's operations in the Kurdistan Region of Iraq, it said: "Dana Gas and Pearl Petroleum (Pearl) are fully committed to safely and efficiently resuming the KM250 project. Following the termination of the previous EPC contract, […]
By John Lee. In a statement to the Abu Dhabi Stock Exchange, Dana Gas has announced that Pearl Petroleum has commenced arbitration proceedings against Canadian company Enerflex, the EPC contractor of the KM 250 project. The arbitration relates to the termination of Enerflex's contract for the Khor Mor Gas Expansion Project, due to alleged performance […]
