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(MENAFN - Iraq Business News) Dana Gas PJSC , the Middle East's largest regional private sector natural gas company, today announced its Preliminary Unaudited Financial Results for the full year ended 31 December 2020. The Company reported a Net Profit of $36 million (AED 131mm) versus $88 million (AED 322mm) in 2019, excluding one-off non-cash impairments and other income. Including these one-offs, the Company reported a Net Loss of $376 million (AED 1.4bn) versus a Net Profit of $157 million (AED 575mm). A total of $412 million (AED 1,51bn) of impairments were incurred mostly related to t...

ISHM: February 4 - February 11, 2021 Format Key Takeaways: Protests Escalate In Dhi-Qar, Wasit; Sadr’s Militia Deploys On Anniversary Of Deadly Attacks On Protesters; Debate Intensifies Over International Monitoring Of Elections – On February 5, security forces injured three protesters during new demonstrations in Nasiriyah demanding the release of kidnapped activists. Demonstrators gathered in Wasit province too to express solidarity with the Nasiriyah demonstrations. Iraq’s Interior Minister and National Security chief headed to Wasit to calm the situation amid fear of escalation. On ...

Premium Content Iraqi Kurdistan Finally Moves To Develop Massive Gas Resources By Simon Watkins - Dec 29, 2020, 6:00 PM CST In tandem with Iraq’s reiterated target for crude oil production of 7 million barrels per day (bpd) by 2025, from the previous 5 mbpd, Baghdad has also stated that it will stop flaring gas by the same point (and to halt importing fuel from Iran by 2025 as well). These moves would be in line with Iraq’s endorsement in May 2017 of the United Nations and World Bank ‘Zero Routine Flaring’ initiative aimed at ending this type of routine flaring by 2030 and ...