Monday 10 September 2018

Dana and Keystone to boost oil and gas investment in Kurdistan

Dana and Keystone to boost oil and gas investment in Kurdistan:

The Kurdistan region of Iraq is set to attract increased investment from international oil and gas companies as the improving price of crude boosts sentiment.

Abu Dhabi-listed Dana Gas said it would raise gas production after Pearl Petroleum, in which it has a 35 percent stake, received its latest payment from the Kurdistan Regional Government.

Britain’s Gulf Keystone Petroleum also said it was resuming spending on the Shaikan oilfield in the region as it reported record profit for the first half.

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