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Gas project brings big benefits to KurdistanA $1.2 billion investment by UAE’s Dana Gas and Crescent Petroleum in the Kurdistan region of Iraq has enabled fuel cost savings of $16 billion to the region and yielded further downstream economic benefits of $10 - 15 billion, a report sa More… |
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Dana shareholder backs debt restructuring dealUAE-based Crescent Petroleum, the biggest shareholder in Dana Gas, said the terms of Dana's planned $920 million debt restructuring deal are fair and protect shareholders. Crescent chief executive Majid Jafar, who is also a bo More… |
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Crescent Petroleum to enter Libya, LebanonUnited Arab Emirates-based Crescent Petroleum is gearing up for expansion in the Iraqi oil and gas sector and a debut into Libya and Lebanon, its chief executive told Reuters. As new governments More… |
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Dana, Crescent pump $1bn in Kurdish oil projectsUAE-based energy firm Dana Gas and its key shareholder Crescent Petroleum, have invested nearly $1 billion in the oil and gas sector of Iraqi Kurdistan region till date, according to a senior company official. "The total cumu More… |
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Dana investor optimistic on $920m repaymentCrescent Petroleum, a key shareholder in Dana Gas, is optimistic that the Sharjah-based natural gas producer can meet repayment of its $920 million convertible Islamic bond in October, Crescent's president said on Tuesday. Abu More… |
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Rosneft to invest $630 million in Crescent JVRussia's largest oil producer Rosneft will invest $630 million in a joint project with UAE-based Crescent Petroleum to drill for gas in the Middle East, a top Russian official said. Rosneft joined Crescent in a gas concession in May in More… |
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Rosneft eyes ME expansion after UAE gas dealThe Kremlin's oil arm Rosneft aims to expand its presence in the Middle East, including Iraq, after signing up to a ground-breaking gas project with a UAE energy firm, Russia's top energy official said. Rosneft will join Crescent P More… |
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Crescent, Dana eye 4 gas citiesCrescent Petroleum and affiliate Dana Gas are planning to set up at least four gas cities in the Middle East and North Africa region. Crescent's executive director Majid Jafar told the Reuters Middle East Investment Summit the company More… |
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Dana gas, Crescent Petro plan Iraq gas cityUAE-based companies Dana Gas and Crescent Petroleum have joined hands to develop an extensive ’Gas City’ at Kurdistan area of northern Iraq. The project is poised to draw direct foreign investments worth more than $40 billion. The More… |
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Crescent sees Iran gas imports in 3 monthsUnited Arab Emirates' Crescent Petroleum expects to start importing gas from Iran's offshore Salman Field in three months, its chairman said on Thursday. Hamid Jaafar also said that his company will not be able to take part in Iraqi oil pr More… |
