Tipping Point of the Iraq-KRG Energy Dispute
Baghdad’s legal wins won’t mean much if it mishandles the political end, angers Turkey, and further damages the country’s reputation as a reliable oil partner.
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Baghdad’s legal wins won’t mean much if it mishandles the political end, angers Turkey, and further damages the country’s reputation as a reliable oil partner.
Dana Gas PJSC has announced its preliminary financial results for the full year ended 31 December 2022: The Company reported net profit of AED 667 million ($182mm) in 2022 as compared to AED 1.16 billion ($317mm) in 2021. Excluding other income and impairments, Dana Gas reported adjusted net profit of AED 718 million ($196mm) as
Dana Gas, the Middle East’s largest regional private sector natural gas firm, posted net profit of AED667 million ($182 million) in 2022 as compared to AED1.16 billion ($317 million) in 2021.
Records 17% growth in revenues at Dh1.94 billion and attributes to higher realised prices and production output in the Kurdistan Region of Iraq
The issue of diversification is difficult but urgent, given increasingly tight global climate policies, the advances of non-fossil technologies, and the limited lifespan of the KRI’s oil resources. Harnessing the region’s natural gas productively is the first step to a cleaner and more diversified economy.