Dana Gas have announced a generation of $44 million in dividends through its share in Kurdistans Pearl Petroleum from the months of January to June 2018. Sharjah based Dana own a 35% stake in the natural gas company, which is a consortium of five companies, one of which being Crescent Petroleum.
Pearl are currently planning to introduce two new LPG processing trains which will plan to increase gas production by 170 per cent over the next 3 years.
It is expected that the first phase of this project could be completed later in 2018, with the aim to generate a 25% increase in production through a removal of production bottle necks.
Source: Arabian Business