Considered an early mover as well as a longstanding solid contributor to the development of Iraq’s energy infrastructure, Crescent Petroleum’s investment in the Kurdistan Region’s Khor Mor field is significant evidence of the country’s booming gas potential
Hampered by broken promises, unfulfilled potential and worsening governance, 10 years on from the US-led invasion, Iraq has failed to live up to its promise
Crescent Group, a UAE-based firm with diversified business interests in the energy and non-energy sector, has announced plans to boost its Russian operations with the closing of two major investment deals in the country
Majid Jafar, CEO of Crescent Petroleum, tells CNBC that a general sense of instability post the Arab Spring has already been factored in to the oil price but there has been no direct impact from the Algerian hostage attack
Majid Jafar, CEO of Crescent Petroleum, tells CNBC that a big problem for the Middle East is that they are consuming too much of their own energy, with consumption up 500% in the last thirty years
24 January 13 Majid Jafar told BBC's Today programme business presenter Simon Jack that the growth of unconventional energy sources highlights the need for a "proper long-term strategic energy policy" rather than one which is "just reactive or politically expedient"
GasCities Limited, a joint venture between UAE's Crescent Petroleum and Dana Gas, and Saudi Arabian Construction Products Company International (CPC International), announced the formation of a joint venture company that will develop, construct, and operate industrial parks focusing on Middle East, North Africa and South Asia region (MENASA)
Oil & Gas Middle East presents the fifty most influential decision makers in the regional upstream business. The second edition of the Oil & Gas Middle East Power 50 list sees the top spot claimed by a Saudi Arabian this year, however the number of people with ties to the Iraqi upstream sector who have [...]
Crescent Petroleum, the biggest shareholder in Dana Gas, said the terms of Dana's planned $920 million debt restructuring deal are fair and protect shareholders. Crescent Chief Executive Majid Jafar, who is also a board member of Dana, described the deal as "an optimum balance to serve interests of all stakeholders"
In 1958, Majid Jafar’s grandfather, then the Iraqi development minister, opened two hydroelectric dams in the mountains of Iraqi Kurdistan. Until a joint venture between the Jafar family's Crescent Petroleum and its affiliate Dana Gas started to produce Kurdish gas in 2008, there had been no new power-generation facility in the northern region of Iraq [...]
