UAE's Dana Gas, Crescent Petroleum boost natural gas production in Iraq's Kurdish region

Published October 14, 2012

| Associated Press

Two Emirati energy companies producing natural gas in Iraq's Kurdish region say they have boosted output to the equivalent of 80,000 barrels of oil a day.

Dana Gas and Crescent Petroleum said Sunday that production after four years of operation stands at 340 million cubic feet of gas a day and 15,000 barrels a day of condensed liquid gas.

They said the natural gas feeds local power stations that generate 1,750 megawatts of electricity for 4 million people in the three-province region.

The companies said that as of September, they have invested $975 million to develop natural gas production in the Kurdish region since 2007.

The Kurdish section of northern Iraq has its own semi-autonomous government.

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http://www.foxnews.com/world/2012/10/14/uae-dana-gas-crescent-petroleum-boost-natural-gas-production-in-iraq-kurdish/