Crescent Group, a UAE-based firm with diversified business interests in the energy and non-energy sector, has announced plans to boost its Russian operations with the closing of two major investment deals in the country.
It is the
UAE-based Crescent Petroleum on Sunday said Iran did not cancel a 25-year gas supply contract it had signed with the National Iranian Oil Company (NIOC).
Last week, Iranian media reported that the contact had been cancel
The UAE's Crescent Petroleum has teamed up with Russia's state-run oil producer Rosneft to purse oil and gas deals in the Middle East and North Africa, Crescent said in a statement on Wednesday.
Rosneft pumps over a fifth of Russia
An international arbitration tribunal has been formed to settle a longstanding dispute over a gas deal between the United Arab Emirates and Iran, a spokesman from the UAE-based Crescent Petroleum told Reuters on Sunday.
Iran may revoke a deal to export gas to the United Arab Emirates because of a dispute over pricing, Iranian parliamentarians said on Tuesday.
UAE-based Crescent Petroleum said in July it was seeking international arbitration for the failur
Gascities Ltd, a joint venture established by Dana Gas and Crescent Petroleum, has reached an agreement with the Yemeni government to study the development of its proprietary Gas City concept in Yemen.
The Gas City concept involves develop
UAE-based Crescent Petroleum is seeking international arbitration for the failure of Iran's state oil firm to fulfil a gas export contract, Crescent said in a statement on Wednesday.
The National Iranian Oil Company (NIOC) has yet to c
The UAE's Crescent Petroleum and affiliate Dana Gas have begun supplying gas in Iraq's Kurdistan region after completing the first stage of a $650 million project, the companies said in a statement.
Gas was flowing at 75 million cu
The UAE-based Crescent Petroleum and its affiliate Dana Gas will begin supplying natural gas in Iraq's Kurdish region soon.
The $650-million project will initially supply 150 million cubic feet per day (cfd) to Kurdish power plants, rising