Majid Jafar
,CEO,Crescent Petroleum
SHARE
Optimism has been the by-word for Sharjah’s Crescent Petroleum recently. In February, the firm revealed plans to boost gas production at its Khor Mor and Chemchemal fields in northern Iraq, which it operates alongside Sharjah affiliate Dana Gas as part of Pearl Petroleum. But Crescent also has aspirations to tap the lucrative oil and gas market in southern Iraq where the country’s supergiant fields are located. Jafar’s recent prediction of a bullish oil price of $80 a barrel in 2018 could well explain the firm’s ambitions.
