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- QNB and Mastercard expand payment services in Syria
- MoCI signs co-operation agreement with Doha Bank
- Investors face more risks from Trump's Venezuela gamble
- Mobile service subscriptions in Oman rise by 9.6 percent
- MSX issues list of securities eligible for market making
- MSX tops GCC with 28% gain, ranks among world's best-performing markets
- UAE aviation drives national economy with expanding global reach
- Opec+ reaffirms commitment to market stability
- Saudi Aramco launches 98-Octane Gasoline for vehicles
- Oman awards $941m infrastructure project tenders in Q4
22/03/2018 07:54 AST
Pearl Petroluem, a consortium led by Crescent Petroluem and Dana Gas, on Wednesday said that it has signed a 10-year gas sales agreement with the Kurdistan regional government.
Under the agreement, it plans to supply and sell additional quantities of gas that it plans to begin producing later this year in order to boost much-needed local domestic electricity generation, the company said in a statement posted on the Abu Dhabi Securities Exchange's website.
This will enable an increase in delivered gas production from the Khor Mor Field by an anticipated 80 million cubic feet of sales gas per day before the end of 2018, on top of the current level of 305 million cubic feet per day.
All contractual conditions have since been satisfied and consequently the project work has now commenced, the statement added.
Total investment to date exceeds $1.3 billion (Dh4.77 billion), with total cumulative production over 228 million barrels of oil equivalent (boe), which has resulted in billions of dollars of fuel cost savings and economic benefits for the Kurdistan Region and Iraq as a whole.
Gulf News
12/12/2025
Dana Gas, the Middle East's leading private-sector natural gas company, announced the drilling of the North El-Basant 1 exploratory well in Egypt's onshore Nile Delta, confirming a significant new ga
Trade Arabia
14/11/2025
Dana Gas, the Middle East's largest regional private sector natural gas company, on Wednesday announced that it has signed a Memorandum of Understanding (MoU) with the Syrian Petroleum Company (SPC)
Khaleej Times
04/04/2025
Dana Gas, the Middle East's leading publicly listed regional natural gas company, and its partner Crescent Petroleum, the oldest private oil and gas company in the Middle East, together with their pa
Khaleej Times
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| SAUDIARAMCO | 24.52 | 0.06 (0.24 |
| ADNOCGAS | 3.36 | 0.02 (0.59 |
| ADNOCDRILL | 5.49 | 0.09 (1.66 |
| BAHRI | 29.50 | 0.00 (0.00 |
| ADES | 16.97 | 0.12 (0.71 |
05/01/2026
Mastercard announced that QNB Group, the largest financial institution in the Middle East and Africa, was granted a Mastercard licence to extend its issuing and acquiring activities in Syria, enablin
Gulf Times
05/01/2026
The Ministry of Commerce and Industry (MoCI) has signed a co-operation agreement with Doha Bank, as part of efforts to enhance integration between the public and private sectors and to facilitate ser
Gulf Times
05/01/2026
Saudi oil giant Aramco has announced the launch of its 98-octane gasoline product, which will begin supplying in January 2026 as part of efforts to expand consumer fuel options and diversify its prod
Trade Arabia
04/01/2026
Dubai Electricity and Water Authority (Dewa) has announced that that work is in full swing on its Hassyan desalination project with the Phase I nearly 90% completed.
One of the world's large
Trade Arabia
04/01/2026
QNB forecast a slight improvement in global growth in 2026, amid stability in major economies, projecting a rate of 3.2 percent, which is slightly higher than overall forecasts.The bank's weekly repo
Gulf Times
Financial Information Co.
Saudi Arabia