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Dana Gas reports 41% increase in net profit in Q1 to $24 million 09 May 2021 The firm has announced the full resumption of the expansion project at the Khor Mor field in the Kurdistan Region of Iraq. Dana Gas, the Middle East’s largest private sector natural gas company, on Sunday announced its financial results for the first quarter ended March 31, 2021. Net profit was up 41 per cent in Q1 2021 reaching $24 million (Dhs88 million) as compared to $17 million (Dhs62 million) in Q1 2020. The increase in net profit was the result of improved revenues from higher pro...

Dubai — The UAE's Dana Gas, which is expanding its gas activities in Iraq's semi-autonomous Kurdish region, is still in talks with Baghdad and other potential buyers for a gas sales agreement for its second train as Baghdad seeks to lower reliance on Iranian energy imports. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Dana Gas, which is part of the Pearl Consortium expanding the Khor Mor gas field in the Kurdish region, is in talks with other parties, including Turkish and Kurdish buyers, for a sales gas agreemen...

Operator Greetings and welcome to Exterran's First Quarter 2021 Earnings Conference Call. [Operator Instructions] A brief question-and-answer session will follow the formal presentation. [Operator Instructions] I would now like to turn this conference over to your host, Mr. Blake Hancock, Vice President of Investor Relations. Thank you, sir. You may begin. Blake Hancock -- Vice President of Investor Relations Good morning, and welcome to Exterran Corporation's first quarter 2021 conference call. With me today are Exterran's President and Chief Executive Officer, Andrew Way; and David Barta, ...

Basrah Gas Company is a joint venture between the Iraqi state, Shell and Mitsubishi. The Iraqi government holds the majority 51 per cent stake in the 25-year venture, with the Anglo-Dutch major accounting for 44 per cent interest and the Japanese company for 5 per cent share. Mr Ismael said "there is government commitment to secure all the dues of the Basrah Gas Company ... and there are other projects in Nasiriyah, Maysan, Mansouriya and Akkaz". There are ongoing "technical discussions about American and foreign companies investing in the Akkaz gas field", he said. The Akkaz gas field, locat...

US$600m investment to increase production 57% within 2 years Production to grow from 440MMSCFD to 690MMSCFD by April 2023 Force Majeure lifted with KRG and US Contractor Exterran after COVID Delay Dana Gas, the Middle East's leading publicly listed regional natural gas company, and its partner Crescent Petroleum, the oldest private oil & gas company in the Middle East, 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...