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Dana Gas and Crescent Petroleum resume Khor Mor expansion project

Dana Gas and Crescent Petroleum resume Khor Mor expansion project
SHARJAH, 4 hours, 45 minutes
ago
Dana Gas and its partner Crescent Petroleum 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 $600 million to add 250 million cubic feet per day of much-needed additional gas production to supply the local power stations.

The project construction work had been put on hold due to the Covid pandemic but is now on track for a new target start date of April 2023, after agreement to lift the force majeure with both the Kurdistan Regional Government (KRG) and the contractor. ....

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How much oil and gas does the world still need? | Hellenic Shipping News Worldwide

How much oil and gas does the world still need?
The last year has seen an unprecedented fall in global oil demand and investment following the COVID-19 pandemic and resulting movement restrictions worldwide, leading some to forecast an end to oil demand growth and an acceleration of a transition away from oil & gas, says Majid Jafar, CEO of Crescent Petroleum and Board Managing Director of Dana Gas. Though we are still in the pandemic and with most of the developed world in lockdowns, oil prices have recovered to $55, and oil demand shows steady and solid recovery, with the exception thus far of the aviation sector. And the vaccination campaigns now well underway worldwide hold the promise of a quicker return to normality and pre-crisis levels, he explains ....

Saudi Arabia , Gulf News , United Arab Emirates , Abu Dhabi , Abuz Aby , Majid Jafar , Abu Dhabi Hydrogen Alliance , Crescent Petroleum , Board Managing Director , Middle East , சவுதி அரேபியா , வளைகுடா செய்தி , ஒன்றுபட்டது அரபு அமீரகங்கள் , மஜித் ஜாஃபர் , பிறை பெட்ரோலியம் , பலகை நிர்வகித்தல் இயக்குனர் , நடுத்தர கிழக்கு ,

How much oil and gas does the world still need?

Reliable and sustainable energy will be key to development in the post Covid-19 world ....

Saudi Arabia , Abu Dhabi , Abuz Aby , United Arab Emirates , Majid Jafar , Abu Dhabi Hydrogen Alliance , Crescent Petroleum , Board Managing Director , Dana Gas , Image Credit , Middle East , சவுதி அரேபியா , ஒன்றுபட்டது அரபு அமீரகங்கள் , மஜித் ஜாஃபர் , பிறை பெட்ரோலியம் , பலகை நிர்வகித்தல் இயக்குனர் , டானா வாயு , படம் கடன் , நடுத்தர கிழக்கு ,