Sharjah’s expanding energy mix and the role earmarked for private sector players in driving the sector forward were among the issues explored by Majid Jafar, CEO of Crescent Petroleum, in an interview he gave recently to the global research and consultancy firm Oxford Business Group (OBG).
Crescent Petroleum plans to raise its natural gas output in northern Iraq by 80 million cubic feet per day by October.
Speaking at the World Economic Forum (WEF) in Davos, Majid Jafar, CEO of the United Arab Emirates-based oil and natural gas producer, said prices could skyrocket over the coming months if a major producer — such as Venezuela — suffered a significant production outage
Natural gas is still showing strong signs of becoming the world's second most important source of energy over the next decade, according to Majid Jafar, CEO, Crescent Petroleum, the Middle East's oldest private oil and gas company.
Majid Jafar, chief executive officer of Crescent Petroleum; Younghoo David Kim, chairman and CEO of Daesung Energy Group and chair of the World Energy Council; Meg Gentle, CEO of Tellurian Inc.; Hunter L. Hunt, chairman and CEO of Hunt Consolidated Energy; and Ayman Asfari, CEO of Petrofac discussed the energy industry’s response to climate change and other major trends facing the sector in 2018 at the Atlantic Council’s Global Energy Forum in Abu Dhabi on January 12.
Sharjah: Friends of Cancer Patients (FoCP) announced the support of a cross-section of public and private sector entities, united in the fight against cancer, as Sharjah is preparing to hold the first Relay for Life cancer fund-raiser on November 17 and 18 at the American University of Sharjah.
Crescent Petroleum’s CEO Majid Jafar said: “At Crescent Petroleum, we aim to empower local communities by not only providing energy solutions to fuel their development, but also by responding to their social and economic needs. Internally displaced people (IDPs) are among the world’s most vulnerable populations but they are often overlooked by international relief efforts, and we are committed and honoured to assist their healthcare needs in partnership with AMAR Foundation.”
Majid Jafar, managing director of the board of UAE-based Dana Gas, told Reuters the consortium would more than double its output levels from the fields as part of the settlement.
Settlement Agreement between Kurdistan Regional Government of Iraq (the “KRG”) and (i) Dana Gas PJSC; (ii) Crescent Petroleum Company International Limited; and (iii) Pearl Petroleum Company Limited (“Pearl”); together (the “Consortium”) The KRG and the Consortium, together (the “Parties”), signed a Heads of Agreement on Khor Mor and Chemchemal fields on 4 April 2007 (the [...]
