Oct 16, 2025 (MarketLine via COMTEX) --
The expansion project, completed ahead of schedule, adds 250mcf/d of processing capacity and increases Khor MoraEUR(TM)s output.
Dana Gas and Crescent Petroleum have commenced commercial gas sales from the KM250 expansion project at the Khor Mor facility in the Kurdistan Region of Iraq (KRI).A
The project, completed eight months ahead of schedule, adds 250 million cubic feet per day (mcf/d) of processing capacity, increasing Khor MoraEUR(TM)s output to 750mcf/d.A
This expansion aims to address IraqaEUR(TM)s growing power demand by providing additional volumes of natural gas.A
The project is also expected to support power generation and industrial growth across the KRI, in line with the Kurdistan Regional GovernmentaEUR(TM)s Runaki initiative.A
The $1.1bn (ID1.44tn) project received financial backing from the Bank of Sharjah and the US Development Finance Corporation.A
It is also supported by the proceeds from Pearl PetroleumaEUR(TM)s $350m senior secured bond issued last year.A
Pearl Petroleum, established in 2009 as a consortium with Dana Gas and Crescent Petroleum as joint operators, supplies natural gas to four power plants in the KRI.A
The KM250 project employed over 10,000 workers and delivered more than 6,000 tonnes (t) of steel and 6.2 million man-hours during peak construction.A
Dana Gas CEO Richard Hall said: aEURoeCompleting KM250 early is a huge milestone for Dana Gas and reflects the hands-on approach we brought to the project in the absence of the main contractor.A
aEURoeBy assuming operational oversight, Dana Gas and Crescent Petroleum were able to focus delivery, resolve issues quickly and restore momentum aEUR" yielding real results on the ground.A
aEURoeThe additional capacity strengthens our production profile and is expected to deliver substantial annual revenue for Dana Gas.A
aEURoeIt also supports our mission to deliver stable, cleaner energy to KRI communities, reduce diesel dependence and advance the regionaEUR(TM)s ambition for 24-hour electrification.aEURA
The KM250 plant will also produce 7,000 barrels per day of condensate and 460t per day of liquefied petroleum gas (LPG), supplementing existing outputs.A
The facility features advanced technology including AI monitoring tools, high-efficiency compressors, and processes for contaminant removal aimed at minimising environmental impact.A
Last year, Dana Gas and Crescent Petroleum took operational control of KM250, collaborating with Havatec, the project's subcontractor, and other partners.A
Looking ahead, the partners will focus on further appraisal and expansion of the Khor Mor field, and continue their efforts at Chemchemal to unlock additional gas resources for Iraq.A
Crescent Petroleum CEO and Dana Gas board managing director Majid Jafar said: aEURoeDelivering KM250 ahead of schedule marks a significant achievement for Crescent Petroleum, Dana Gas and our Pearl Consortium partners.A
aEURoeThis accomplishment highlights our ongoing dedication to the Kurdistan Region of Iraq, demonstrates our capacity to unlock its vast energy resources, and reinforces our commitment to generating jobs, enhancing local services, and providing cleaner, more reliable energy for the region and the country."A
Last month, Iraq resumed oil exports from its semi-autonomous Kurdistan region to TA 1/4rkiye after more than two-and-a-half years.AA
The restart follows an interim agreement between IraqaEUR(TM)s Federal Government, KRG and foreign oil producers operating in the region.AA
http://www.datamonitor.com
Republication or redistribution, including by framing or similar means,
is expressly prohibited without prior written consent. Datamonitor shall
not be liable for errors or delays in the content, or for any actions
taken in reliance thereon
COMTEX_469562750/2227/2025-10-16T09:36:14
Copyright (C) 2025 Datamonitor. All rights reserved
