facebook
twitter
rss
account
search
search
 

Kurdish gas work heralded by Dana, Crescent

Oct. 9, 2013 at 7:56 AM   |   Comments

SHARJAH, United Arab Emirates, Oct. 9 (UPI) -- More than 400 billion cubic feet of natural gas were produced in the Kurdish north of Iraq since operations began in 2008, two companies said.

Dana Gas and its partners at Crescent Petroleum marked five years of continuous operations in the semiautonomous Kurdish region.

The companies said they've produced more than 402 billion cubic feet of natural gas since work started in October 2008, which helped deliver 1,750 megawatts of electricity to the 4 million people in the Kurdish region. Most of the rest of the country still lacks a reliable source of electricity more than 10 years after the U.S.-led invasion.

Dana and Crescent said Tuesday they've invested more than $1 billion in the region through contacts with the Kurdistan Regional Government at the Khor Mor and Chemchemal blocks.

Disputes over national oil laws have cast a shadow over the Iraqi energy sector. The central government in Baghdad says working with the Kurdish government may be illegal.

"We are proud to be the largest investors in the Kurdistan region's oil and gas sector, and the highest petroleum producers since our first production five years ago," Majid Jafar, chief executive officer of Crescent Petroleum and managing director of the board of Dana Gas, said in a statement.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Pakistan seeks coastal patrol cutters from U.S. Pakistan seeks coastal patrol cutters from U.S.
2
Work moves ahead on two new guided missile destroyers Work moves ahead on two new guided missile destroyers
3
U.S. Navy authorizes building of Common Missile Compartment tubes U.S. Navy authorizes building of Common Missile Compartment tubes
4
Gas capacity added to North Dakota shale Gas capacity added to North Dakota shale
5
AAA: Gas to fall below $3 a gallon this weekend AAA: Gas to fall below $3 a gallon this weekend
Trending News
Around the Web
x
Feedback