In an exclusive interview with Dean Mikkelsen, Editor of Oil & Gas Middle East, Majid Jafar, CEO of Crescent Petroleum and board member of Dana Gas, delves into the intricate dynamics of the energy transition
Dubai: Gulf Cooperation Council (GCC) economies are experiencing a golden age of growth and development supported by a positive cycle of reform, higher oil revenues, and falling interest rates, Majid Jafar, CEO of Crescent Petroleum, told an audience of business leaders, policymakers, and NGOs at the World Economic Forum in Davos.
Last year the world saw record temperatures amid a global consensus on the need to decarbonize energy systems. Yet 1 billion people in OECD developed economies consume more energy and are responsible for more of the historic stock of carbon in the atmosphere, than the 7 billion in the Global South.
Crescent Petroleum, the Middle East’s oldest private oil and gas company, headquartered in Sharjah in the UAE, has announced major new milestones in its sustainability efforts in the UAE Year of Sustainability and as the UAE prepares to host COP28 in Dubai later this month. These include reinforcing its carbon neutrality and reducing its carbon [...]
Iraq has launched three energy contracts with UAE-based Crescent Petroleum to develop three oil and gas fields in Iraq, the oil ministry said on Sunday.
