By John Lee. Dana Gas has reported a net profit of AED 393 million ($107 million) for H1 2026, a 47% year-on-year increase. Regarding operation in the Kurdistan Region of Iraq (KRI), the company said: "Khor Mor began the year at record production levels, with output exceeding 700 MMscf/d and Group production reaching 70 kboepd. […]
By John Lee. The Kurdistan Regional Government (KRG) has said that Crescent Petroleum and Dana Gas, the joint operators of the Khor Mor field, commenced gas supplies from the Kurdistan Region to Iraq's Ministry of Electricity without its approval or authorisation, in breach of their contractual obligations. According to the KRG, it was notified on […]
By John Lee. Crescent Petroleum and Dana Gas have begun supplying natural gas from the Khor Mor field to Iraq's Ministry of Electricity, under an agreement signed last December. According to a press release from Dana Gas, 100 million standard cubic feet per day (MMscf/d) will be delivered from the Khor Mor gas processing facility […]
From Rudaw. Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News. Iraq Struggles to Meet Power Demand amid Drop in Iranian Gas Imports The Iraqi government is producing less than half of the country's electricity needs despite scorching summer temperatures, a shortfall officials partly attribute […]
By Dr Kamran Yeganegi, for Middle East Monitor, under a Creative Commons licence. Any opinions expressed are those of the author(s) and do not necessarily reflect the views of Iraq Business News. The Strategic Value of Kurdish Gas for Europe's Energy Security Europe's Energy Challenge is Far From Over Europe has made significant progress in […]
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. 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 […]
