Abu Dhabi – Mubasher: Dana Gas and Crescent Petroleum joined forces with their partners in the Pearl Petroleum Consortium to supply substantial volumes of clean-burning natural gas from the Chemchemal field to major industrial consumers in the Kurdistan Region of Iraq (KRI).
Under the long-term gas sales agreements (GSAs), industrial customers in cement and steel will collectively purchase up to 142 million standard cubic feet per day (MMscf/d) of gas, according to a press release.
The from the Chemchemal field is scheduled to commence in the second half (H2) of 2027 for 10 years.
The field is currently under development, and new pipelines are to be built by private-sector companies to supply gas to industrial users in Erbil and Bazian, including a dedicated 40-kilometer pipeline linking the Chemchemal field directly to industrial consumers in the Bazian area.
Majid Jafar, CEO of Crescent Petroleum and Board Managing Director of Dana Gas, commented: “These agreements mark a significant milestone in the development of the KRI’s energy infrastructure, delivering considerable supplies of clean burning natural gas to empower growth in the region’s industry and help displace the use of dirtier, more expensive heavy fuel oils.”
“The milestone underscores the exciting new chapter for the Pearl Petroleum consortium, combining the recent completion of the KM-250 expansion project in October 2025, the appraisal and development of the Chemchemal Field, and other development plans that will considerably enhance the energy sector and economy of the Kurdistan Region and the rest of Iraq,” Jafar noted.
Richard Hall, CEO at Dana Gas, said: “This agreement supports the growing energy needs of the Kurdistan Region of Iraq and strengthens the role of natural gas as a fuel source for its industrial base.”
He added: “By supplying competitive, lower-emission gas to the Bazian industrial corridor, we are helping replace polluting heavy fuel oil, reduce emissions and improve energy efficiency for key industries.”
In the nine-month period that ended on 30 September 2025, Dana Gas recorded net profits valued at AED 379 million ($103 million), compared to AED 410 million ($112 million) a year earlier.
