Dana Gas, the Middle East’s leading private sector and publicly-listed natural gas company, and Crescent Petroleum, the region’s private upstream oil and gas company, have announced the start of commercial gas sales from the KM250 gas expansion project (“KM250”) at the Khor Mor facility in the Kurdistan Region of Iraq (KRI).
Dana Gas received AED 184 million ($50 million) from Egypt, cutting overdue receivables. The payment supports its drilling programme under a December 2024 consolidation agreement that unified concessions, improved fiscal terms, and added new acreage to encourage investment and exploration.
Dana Gas and Crescent Petroleum, with Pearl Petroleum partners, signed long-term gas sales agreements to supply clean natural gas from the Chemchemal field to industrial users in Iraq’s Kurdistan Region. Cement and steel customers will buy up to 142 MMscf/d for 10 years starting 2027.
Dana Gas, the Middle East’s largest regional private sector natural gas company, today announced that its group production reached 70,000 barrels of oil equivalent per day (boepd) and has been sustained at that level throughout January.
