Wednesday 26 November 2014
 
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Crescent Petroleum

Dana shareholder backs debt restructuring deal

UAE-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

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Crescent Petroleum to enter Libya, Lebanon

  United 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

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Dana, Crescent pump $1bn in Kurdish oil projects

UAE-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

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Dana investor optimistic on $920m repayment

Crescent 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

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Rosneft to invest $630 million in Crescent JV

Russia'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

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Rosneft eyes ME expansion after UAE gas deal

The 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

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Crescent, Dana eye 4 gas cities

Crescent 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

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Dana gas, Crescent Petro plan Iraq gas city

UAE-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

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Crescent sees Iran gas imports in 3 months

United 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

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Iran needs $150bn-$160bn oil, gas investment

Iran needs $150-$160 billion investment in its oil and gas sector to boost output capacity over the next seven years, Iranian Oil Minister Gholamhossein Nozari said. UN and US sanctions over Iran's nuclear programme would not prevent the

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