Dana Gas recorded a net profit of $73 million in the first half of 2025. The figure marks a decline from last year, mainly due to lower hydrocarbon prices despite strong production levels in the Kurdistan Region. The company credited its steady results to solid operations in Sulaymaniyah’s Khor Mor gas field and new investments in Egypt.
Production in the Kurdistan Region rose three percent during the period. Output at Khor Mor stayed above 500 million standard cubic feet per day, a 75 percent jump since 2017. This increase reflects the momentum of the KM250 expansion project, which will add 250 million cubic feet per day once completed early next year. The project aims to significantly boost electricity generation across the Region.
In May, Dana Gas also began development at the Chamchamal gas field. Chamchamal is expected to produce 75 million cubic feet per day by mid-2026. Both fields play a key role in the Region’s energy supply and economic stability.
The KM250 project is backed by a seven-year, $250 million financing agreement with the US International Development Finance Cooperation. CEO Richard Hall highlighted the team’s focus on maintaining operational excellence and advancing projects ahead of schedule.
However, security remains a challenge. The Khor Mor field has been targeted by drones, including an incident in February that caused no casualties but raised concerns. Previous attacks have led to temporary shutdowns, directly affecting power supply and project timelines. Dana Gas warned that such incidents harm citizens’ daily lives and economic prospects.