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Crescent Petroleum signs three contracts to develop Iraqi oil and gas fields

Crescent Petroleum, the Middle East’s oldest privately-owned upstream oil and gas company, has signed three 20-year agreements with Iraq’s Ministry of Oil to appraise, develop, and produce oil and gas from two blocks in Diyala governorate and one in Basra governorate. The agreements will deliver much needed natural gas to fuel nearby power plants and […]

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Iraq awards oil concessions to Crescent Petroleum

Iraq has awarded oil concessions to Crescent Petroleum and other Chinese companies as part of its fifth licensing round, Iraq’s Oil Minister Hayan Abdul Ghani was quoted on Thursday as saying.  Sharjah-based Crescent Petroleum, the Middle East’s largest private upstream oil and gas company, was awarded three concessions covering the production and development of oil […]