A $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
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
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
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.
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
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
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
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.
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