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updated Fri. April 12, 2019

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The Oil Ministry also announced the awarding of new contracts for development and exploitation of the Khashm al-Ahmar-Anjana and Kalabat-Kemer fields in Diyala Province to Emirati Crescent Petroleum, and of the Khana and al-Huweiza regions of Maysan Province and Sinbad region of Basra Province ...
Dana Gas, Crescent Petroleum, Dragon Oil, and Eni are among companies that sent letters to take part in Iraq's oil and gas contract bidding round, an Iraqi oil official said on Thursday, Reuters reported. Saudi Arabia's main index edged up 0.2% to 8,248 points, Dubai added 0.6% to 3,043 points, Abu ...

Investing in Iraq: Reconstruction and the Role of the Energy Sector Opening remarks by: Frederick Kempe President and Chief Executive Officer Atlantic Council A conversation with: His Excellency Dr. Fareed Yasseen Iraqi Ambassador to the United States Majid Jafar Chief Executive Officer Crescent Petroleum Ben Van ...
Crescent Petroleum and Crescent Investments, like Gulftainer, are subsidiaries of the Crescent Group. Hamid Jafar and his brother and business partner rogue nuclear physicist Dr. Jafar Dhia Jafar funded and managed Saddam's Weapons of Mass Destruction (WMD) programs. Both are top executives at ...
Pearl Petroleum, the company consortium led by Crescent Petroleum and Dana Gas both based in the UAE, has signed a 10 year gas sales agreement (GSA) with the Kurdistan Regional Government (KRG) to supply and sell the additional quantities of gas that it plans to begin producing later this year in ...
Pearl Petroleum, the company consortium led by Crescent Petroleum and Dana Gas of the UAE, have plans to expand their local training and employment programs where the companies employ close to 500 full-time local personnel representing over 80 percent of the local population. In a separate statement, Dana Gas ...

Pearl Petroleum, the company consortium led by UAE-based Crescent Petroleum and Dana Gas, has signed a 10 year gas sales agreement with the Kurdistan Regional Government. Under the agreement, Pearl will supply and sell the additional quantities of gas that it plans to begin producing later this ...
Ltd., majority-owned by UAE's Dana Gas and its affiliate Crescent Petroleum, has signed a 10-year gas sales agreement with the Kurdistan Regional Government (KRG). Under the deal, Pearl will sell an estimated 80 million cubic feet per day (MMcf/d) of additional gas it plans to produce later this year from ...
SHARJAH -- Pearl Petroleum, the company consortium led by Crescent Petroleum and Dana Gas of the UAE, has signed a 10-year Gas Sales Agreement (GSA) with the Kurdistan Regional Government (KRG) to supply and sell the additional quantities of gas that it plans to begin producing later this year in ...
Pearl Petroleum has signed a Gas Sales Agreement that promises to boost KRG natural gas output this year and more than double it by 2020. New deal to unlock KRG gas production. KRG Minister of Natural Resources Ashti Hawrami (center left) and Majid Jafar, CEO of Crescent Petroleum and a director ...
... that case outweighed the public policy in discouraging international commercial corruption. The court had no difficulty upholding the arbitral jurisdiction and that the arbitral tribunal did not find allegations of bribery. Compare that to the courts' comments in National Iranian Oil Co. v Crescent Petroleum Co.
JAFAR: The diversification of UAE's domestic energy mix is a strategic long-term objective and the government is looking to add further sources – including renewable energy and nuclear power – to current supplies. By 2050 the UAE has outlined its objective to combine natural gas and renewables, each representing 40% ...
Following are excerpts from a CNBC interview with Majid Jafar, CEO of Crescent Petroleum and CNBC's Hadley Gamble and Steve Sedgwick from the World ... SS: And you're going to lead us off in our next one, as well, with Majid Jafar, who is the CEO of Crescent Petroleum, of course, which is one of the ...
“Unfortunately, MOL unreasonably sought to link its endorsement of the settlement to a renegotiation of the terms by which it first secured its participation in Pearl back in May 2009,” Dana Gas said in a filing on the Abu Dhabi bourse. “And now [MOL] complains about Dana Gas and Crescent Petroleum for ...
The Pearl Consortium, in which Dana Gas and its parent Crescent Petroleum are the largest stakeholders, wants to boost production in Khor Mor and Chemchemal fields by 20 per cent this year and 170 per cent over the next two to three years, Dana Gas said yesterday as part of its full annual results for ...
Apart from Exxon, Chevron, and Total, the other interested bidders are Eni, Lukoil, Gazprom, Zarubezhneft, Petroliam Nasional Bhd, Oil & Natural Gas Corp, CNOOC, Geo-Jade Petroleum Corp, China ZhenHua Oil Co, United Energy Group Ltd, Dana Gas, Crescent Petroleum, and Dragon Oil Plc, according ...
The 16 companies that expressed interest also include Chevron Corp., Eni SpA, Gazprom PJSC., Zarubezhneft OAO, Petroliam Nasional Bhd., Oil & Natural Gas Corp., Cnooc Ltd., Geo-Jade Petroleum Corp., China ZhenHua Oil Co., United Energy Group Ltd., Dana Gas PJSC, Crescent Petroleum Co. and ...

The 16 companies that expressed interest also include Chevron Corp., Eni SpA, Gazprom PJSC., Zarubezhneft OAO, Petroliam Nasional Bhd., Oil & Natural Gas Corp., Cnooc Ltd., Geo-Jade Petroleum Corp., China ZhenHua Oil Co., United Energy Group Ltd., Dana Gas PJSC, Crescent Petroleum Co. and ...
Under the terms of the settlement, the KRG agreed to pay the Pearl Consortium - consisting of Dana Gas, its parent Crescent Petroleum, OMV of Austria, Germany's RWE and Hungary's MOL - a sum of $600m, together with a $400m payment to be allocated towards the consortium's further investment in the ...
The Sharjah-based gas producer, whose largest shareholder is Crescent Petroleum, said its year-end cash balance stood at $608 million, double the $302 million it reported at end of 2016. The cash balance was boosted by the $210 million dividend received from Pearl Petroleum Company as part of the ...
Reuters reported that United Arab Emirates-based energy firm Crescent Petroleum plans to raise natural gas output at its Pearl Petroleum venture in northern Iraq by 80 million cubic feet per day by October, and by 500 million cfd within three years, the company's president said. Badr Jafar, speaking at a ...
UAE based Crescent Petroleum is aiming to hike natural gas production at its Pearl Petroleum operation in Iraq by 80 million cubic feet per day (cfd) before the end of the year, and by 500mn cfd within three years, the company's president, Badr Jafar, has said according to Reuters. Jafar also stated ...
Reuters reported that United Arab Emirates-based energy firm Crescent Petroleum plans to raise natural gas output at its Pearl Petroleum venture in northern Iraq by 80 million cubic feet per day by October, and by 500 million cfd within three years, the company's president said. Badr Jafar, speaking at a ...
Majid Jafar, the head of Crescent Petroleum, one of the largest Middle East oil companies, said problems in Venezuela, one of the world's largest producers, could get much worse. He told CNBC that the price rise could come quickly. At $80, the move from $60 would be 33% higher than it was in 2017.
Majid Jafar, the head of Crescent Petroleum, one of the largest Middle East oil companies, said problems in Venezuela, one of the world's largest producers, could get much worse. He told CNBC that the price rise could come quickly. At $80, the move from $60 would be 33% higher than it was in 2017.
Majid Jafar, CEO of Crescent Petroleum, said there is an unprecedented coordination, not just from within Opec, but with non-Opec, and that seems to be continuing. "We're almost $70. We could be up to $80, but the concern is, a shock like Venezuela, one country, with a major outage of production, could ...
Majid Jafar, CEO of Sharjah based Crescent Petroleum, has stated that oil could rise to $80 a barrel this year. In an interview with CNBC at the World Economic Forum in Davos, Jafar said that “unprecedented coordination, not just from within OPEC, but with non-OPEC” has tightened supply to the point ...
Majid Jafar, CEO of Sharjah-based Crescent Petroleum, has predicted that oil could rise to $80 this year. In an interview with CNBC at the World Economic Forum in Davos, Jafar said on Tuesday that “unprecedented coordination, not just from within OPEC, but with non-OPEC” has tightened supply to the ...
(MENAFN) Oil prices for this year were estimated by Sharjah-based Crescent Petroleum's CEO Majid Jafar to score an $80 increase. "Unprecedented coordination, not just from within OPEC, but with non-OPEC" has made supply more strict, giving prices a chance to increase another $10 in the following ...
Oil prices 'to SOAR to $80 a barrel' if Venezuela suffers outage. OIL prices could skyrocket to $80 a barrel as ever growing concerns regarding falling output shakes the market according to Crescent Petroleum's chief executive, the largest private upstream oil company in the Middle East. By Darius McQuaid.
Following are excerpts from a CNBC interview with Majid Jafar, CEO of Crescent Petroleum and CNBC's Hadley Gamble and Steve Sedgwick from the World ... SS: And you're going to lead us off in our next one, as well, with Majid Jafar, who is the CEO of Crescent Petroleum, of course, which is one of the ...
“We are a big believer in downstream and petrochemicals, and we look at petchem as an enabler for a new industrial revolution,” Musabbeh Al Kaabi (right), CEO of Abu Dhabi-based Mubadala Investment Co., told John Defterios, emerging markets editor at CNNMoney, at the Atlantic Council's Global ...
“The oil and gas companies are being sued and blamed for climate change like the cigarette companies were blamed for cancer,” Majid Jafar, chief executive officer of Crescent Petroleum, said at the Atlantic Council's Global Energy Forum in Abu Dhabi on January 12. “I believe in climate change, but we're ...
... protocol and contract model will be issued on April 16, prior to bidding on May 7. Qualified companies from previous licensing rounds include BP, CNNOC, CNPC, PetroChina, Eni, ExxonMobil, Gazprom, KOGAS, ONGC Videsh, Lukoil, Shell, Sinopec, Pertamina, Petronas, Total and Crescent Petroleum ...
All signs point to Asia leading the gas demand and continuing this upward trajectory for at least the next decade, Majid Jafar, CEO of Crescent Petroleum, the Middle East's oldest private oil and gas company. Natural gas is still showing strong signs of becoming the world's second most important source of energy over the ...
All signs point to Asia leading the gas demand and continuing this upward trajectory for at least the next decade. Natural gas is still showing strong signs of becoming the world's second most important source of energy over the next decade, according to Majid Jafar, CEO, Crescent Petroleum, the Middle ...
Under the terms of the settlement, the KRG agreed to pay the Pearl Consortium — consisting of Dana Gas, its parent Crescent Petroleum, OMV of Austria, Germany's RWE and Hungary's MOL — a sum of $600m, together with a $400m payment to be allocated towards the consortium's further investment in ...
Dubai came off early highs to end just 0.1 percent higher while Abu Dhabi climbed 0.4 percent on the back of a 4.4 percent gain by Dana Gas, after the chief executive of its major shareholder Crescent Petroleum told the Al Khaleej news service that the main documentation for Dana's $700 million of ...
In August, a court of appeal upheld a 10-year prison sentence for Siamak Namazi, a dual Iranian-US citizen who was the head of strategic planning at the Dubai-based Crescent Petroleum, and his 80-year-old father, Bagher Namazi, a former representative of the United Nations Children's Fund (UNICEF) ...
“We have announced to Crescent Petroleum Company that we are ready to export and all technical and engineering processes have been completed,” he said in an interview with Iran News. The NIOC and Crescent Petroleum entered into an agreement in 2001 to deliver 600 million cubic feet a day to ...
“Unfortunately, MOL unreasonably sought to link its endorsement of the settlement to a renegotiation of the terms by which it first secured its participation in Pearl back in May 2009,” Dana Gas said in a filing on the Abu Dhabi bourse. “And now [MOL] complains about Dana Gas and Crescent Petroleum for ...
TEHRAN, Iran – Iranian Minister of Petroleum Bijan Zangeneh says Iran is open to reviving a program to export gas to the UAE, according to news service Shana. In 2001, Sharjah-based Crescent Petroleum signed terms to import gas from the Salman field in the Persian Gulf through a pipeline to be built ...
The claimant, the National Iranian Oil Company (NIOC), entered into a long-term gas supply and purchase contract with the first defendant, Crescent Petroleum, in April of 2001. The contract was governed by Iranian law and stipulated that all disputes relating to the validity of the contract were to be referred ...
What are the competitive advantages of Sharjah as a base for regional players in both the upstream and downstream segments? MAJID JAFAR: Sharjah does not have the same scale of hydrocarbons reserves as, for example, Abu Dhabi or Kuwait. But what it does have – which is very positive not just for oil and gas, but for ...
Lack of investment in the oil industry has significantly heightened the risk of an oil price shock in the coming years, according to Crescent Petroleum's chief executive. Majid Jafar, CEO of the United Arab Emirates–based oil and natural gas producer, highlighted the perceived absence of investment in oil ...
Under the terms of the settlement, the KRG agreed to pay the Pearl Consortium — consisting of Dana Gas, its parent Crescent Petroleum, OMV of Austria, Germany's RWE and Hungary's MOL — a sum of $600m, together with a $400m payment to be allocated towards the consortium's further investment in ...
Such a vision needn't be confined to the pages of sci-fi books of their movie spin-offs. A UAE-based investment group is pumping in millions of dirhams to make this compelling image a reality in local/regional hospitals. Crescent Enterprises, the group which operates entities such as Crescent Petroleum, ...
In August, a court of appeal upheld a 10-year prison sentence for Siamak Namazi, a dual Iranian-US citizen who was the head of strategic planning at the Dubai-based Crescent Petroleum, and his 80-year-old father, Bagher Namazi, a former representative of the United Nations Children's Fund (UNICEF) ...
The dispute at issue in Pearl Petroleum arose out of an agreement between the Kurdistan Regional Government of Iraq (“KRG”) and the Claimants (Crescent Petroleum, Dana Gas and Pearl Petroleum) for the development, marketing and sale of petroleum and liquefied petroleum products from two fields in ...
... UAE Minister of Culture and Knowledge Development, Majid Hamid Jafar, CEO of Crescent Petroleum, Isobel Abulhoul, Festival Director of ...


 

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