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

Erbil Launches Seventh Phase of Land Distribution for Government Employees

The Erbil Municipality will start a new phase of land distribution for public employees on Thursday. Officials plan to allocate 3,400 residential plots in this stage of the program. This initiative continues one of the largest housing projects for government...

Kurdistan Cancer Centers Receive Advanced Hair-Loss Prevention Devices for Chemotherapy Patients

The Cancer Patients Support Fund has launched a new healthcare project to improve cancer treatment services across the Kurdistan Region. The organization supplied 12 advanced scalp cooling devices to major cancer hospitals and treatment centers in Erbil, Sulaymaniyah, and...

KDP and Justice Group Push for Stronger Political Unity and Parliamentary Reform in Kurdistan

The Kurdistan Democratic Party and the Kurdistan Justice Group signaled a renewed commitment to political cooperation after senior officials from both sides met in Erbil to discuss regional challenges, parliamentary reform, and the future of governance in the Kurdistan Region. The meeting took place...