HEADLINES:

UAE-based Crescent Petroleum has invested over $3 billion in Iraq: CEO

FILE PHOTO: Majid Jafar, Chief Executive Officer of Crescent Petroleum, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland January 25, 2018. REUTERS/Denis Balibouse
2019-12-10

537 View

+ -

SULAIMANI — United Arab Emirates-based energy firm Crescent Petroleum has invested over $3 billion in Iraq and the Kurdistan Region, its chief executive said on Tuesday (December 10).

“We have invested over $3 billion in Iraq over the last 10 years and that rate is increasing,” Majid Jafar said, speaking on a panel at a conference in Abu Dhabi.

In March, a consortium led by Crescent Petroleum and Dana Gas signed a 20-year gas sales deal with the Kurdistan Regional Government.

(NRT Digital Media/Reuters)