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Pearl Petroleum signs $250 million financing deal for Khor Mor expansion

Total project cost of $630 million to increase production capacity by 50% to 690 million scf/day from April 2023

Pearl Petroleum Company Limited, the consortium led by Dana Gas and Crescent Petroleum of the UAE, has signed a $250 million financing agreement with the U.S. International Development Finance Corporation (DFC) to support the gas expansion works currently under way at the Khor Mor gas plant in the Kurdistan Region of Iraq (KRI). DFC is […]