The world needs smarter policies for the carbon transition to succeed, Crescent Petroleum CEO tells Abu Dhabi Sustainability Week panel.

The world needs smarter policies for the carbon transition to succeed, Crescent Petroleum CEO tells Abu Dhabi Sustainability Week panel.

Sharjah, United Arab Emirates (AETOSWire) — The energy supply crunch in Europe, Asia and the US this past year has underscored the need for smarter carbon-transition policy, Majid Jafar, the CEO of Crescent Petroleum, the oldest private oil & gas company in the Middle East, told industry and policy leaders gathered for a virtual panel at Abu Dhabi Sustainability Week. To make lasting progress, carbon transition policy must be tailored to each country’s needs and dynamics while addressing the limitations of renewable energy like intermittency and lack of storage. “Any…

Dana Gas & Crescent Petroleum achieve 50% gas production growth in KRI over past 3 years

Dana Gas & Crescent Petroleum achieve 50% gas production growth in KRI over past 3 years

Sharjah, United Arab Emirates– (AETOSWire) : 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, have reported record sales gas production from their operations in the Kurdistan Region of Iraq (KRI), reaching 452 million cubic feet of gas per day (MMscf/d) at the end of 2020. The production milestone is the culmination of numerous process improvements at the Khor Mor gas plant, including a bypass project completed in 2020 as well…

Dana Gas and Crescent Petroleum Resume Khor Mor Expansion Project

Dana Gas and Crescent Petroleum Resume Khor Mor Expansion Project

Sharjah, United Arab Emirates, -(AETOSWire): 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, have announced the full resumption of the expansion project at the Khor Mor field in the Kurdistan Region of Iraq (KRI), which the companies jointly operate on behalf of the Pearl Petroleum consortium. The KM250 expansion involves further investment of US$600 million to add 250 million cubic feet per day of much-needed additional gas production to supply…