US$600m investment to increase production 57% within 2 years Production to grow from 440MMSCFD to 690MMSCFD by April 2023 Force Majeure lifted with KRG and US Contractor Exterran after COVID Delay Dana Gas, the Middle East’s leading publicly listed regional natural gas company, and its partner Crescent Petroleum, the oldest private oil & gas company [...]
The last year has seen an unprecedented fall in global oil demand and investment following the COVID-19 pandemic and resulting movement restrictions worldwide, leading some to forecast an end to oil demand growth and an acceleration of a transition away from oil & gas, says Majid Jafar, CEO of Crescent Petroleum and Board Managing Director [...]
We are pleased to announce that Crescent Petroleum (CP) generously donated $US 100,000 to EFE's Catalyst Fund. This visionary award enabled EFE to reach our Catalyst Fund's $US 1.8 million goal. This is the first fund of its kind at EFE and is a key milestone in EFE’s journey to scale with quality, innovation, and [...]
Majid Jafar to tell business leaders that everyone has a stake in preparing young people for work in wake of COVID-19 Crescent-sponsored Edraak Career Readiness programme has prepared close to 250,000 young people across the MENA region with critical employment skills Sharjah, UAE, 22nd October 2020-- Majid Jafar, the CEO of Crescent Petroleum, the oldest [...]
