HomeEconomyDana Gas profit...

Dana Gas profit 2025 reaches $103 million on strong Kurdistan output

Dana Gas profit 2025 reached $103 million during the first nine months, supported by strong gas output from Kurdistan’s Khor Mor field. The UAE-based company said profits declined slightly due to weaker production in Egypt and softer Brent prices.

Revenue for the period was AED 935 million ($255 million), compared to AED 1.048 billion ($286 million) in 2024. The company said the 8% decline reflected lower Egyptian output and Brent averaging $71 per barrel, partly offset by higher gas prices under Egypt’s new deal.

Dana Gas profit 2025 benefited from the early completion of the KM250 expansion project, which added 250 million cubic feet of gas per day. The new capacity is expected to increase revenue by up to 35%.

The company also began developing the nearby Chemchemal gas field under a $160 million plan to boost future production.

Despite repeated attacks on Khor Mor by Iran-linked militias, operations remain stable. Dana Gas profit 2025 demonstrates resilience and strong performance in Iraq’s growing gas sector.

Continue reading

Barwari urges Kurdish parties to focus on achievements, not attacks

Political observer Abdul-Salam Barwari called on Kurdish political parties to focus on achievements and public trust rather than attacking their rivals. He warned that negativity weakens confidence and discourages voters from participating. Barwari said that parties must win public trust...

Turnout in Kurdistan Special Voting Reaches 75% Amid Enthusiasm and Smooth Process

The Kurdistan Region recorded a 75% turnout in Sunday’s special voting for Iraq’s parliamentary elections. The Independent High Electoral Commission (IHEC) confirmed a smooth and secure process, calling it one of the most successful in recent years. Nabard Omar, head...

PM Barzani: Erbil Rapid Water Emergency Project Nears Completion

Kurdistan Region Prime Minister Masrour Barzani visited the Erbil Rapid Water Emergency Project on Thursday, confirming that the strategic water infrastructure initiative is nearing completion. He noted that while many initially expected the project to take three years, the...