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

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.