OPERATIONAL EXPERIENCE
KURDISTAN REGION OF IRAQ
Quick Facts
- Crescent Petroleum and its affiliate, Dana Gas signed agreements in April 2007 with Kurdistan Regional Government of Iraq for the development of its substantial gas resources, including the launch of the Kurdistan Gas City.
- Agreements include the development, processing, and transportation of natural gas from the Khor Mor and Chemchemal Gas Fields, in order to provide natural gas supplies to fuel domestic electric power generation plants near Erbil and Suleymania.
- Gas deliveries to the Erbil Power Station commenced on 1st October 2008 via the 180 km pipeline within a record period of 15 months.
- The benefits to the Iraqi people include urgently needed electricity to 6 million residents alongside a saving of USD$ 2.5billion per year from displacement of liquid fuel import costs.
SIR ABU NU’AYR CONCESSION
Quick Facts
- Situated in the heart of one of the world's major and prolific hydrocarbon basins.
- The acreage is flanked to the east by Dubai’s Fateh and Rashid oil fields complex, to the north by the Sirri oil field of Iran and to the west by the prolific oil and gas fields of Abu Dhabi.
- Salt Dome hydrocarbon plays are prevalent throughout the Gulf of Mexico, the North Sea and within the Arabian Gulf.
- Previous 2-D seismic survey indicates the project's considerable potential.
- Comprehensive 3D/2D seismic survey design covering the island and the surrounding area of 12 nautical miles were conducted during 2008.
ONSHORE SHARJAH CONCESSION
Quick Facts
- Onshore Sharjah block covers approximately 1243 sq km of acreage near existing gas - condensate fields.
- The 2D seismic data was acquired by WesternGeco in Q3, 2008.
- The data indicate significant potential recoverable volumes in line with existing onshore gas condensate field sizes in the Northern Emirates.
- Crescent completed interpretation of the Thamama horizon and identified several leads and prospects with significant potential recoverable volumes in line with the existing onshore gas – condensate field sizes.
- Farm-out agreement signed with Rosneft Oil Company early June 2010.
- Drilling activity started in June 2010, in a project which involves drilling two exploration wells to an estimated depth of 15000 ft.
- Concession handed over to Government upon expiry of license period
UAE’s Crescent Petroleum to study oil exploration in Iraq
The UAE’s Crescent Petroleum met with Iraqi officials this week to finalise a joint study on an oil exploration area in southern Iraq, Crescent said in a statement
Dana Gas signs agreements with Kurdistan Regional Government of Iraq
The UAE’s Dana Gas has signed an agreement with Iraq’s Kurdish regional government (KRG) to evaluate the development of the region’s gas reserves
Dana Gas signs agreements with Kurdistan Regional Government of Iraq
Dana Gas, the Middle East’s first regional private-sector natural gas company, is delighted to announce that it has concluded important agreements
Iraq is ‘highest priority’ for Crescent
Abdulla Al-Qadi, director of Crescent Petroleum’s upstream operations, told delegates at a recent Dubai congress that Iraq is Crescent’s highest priority
Crescent Petroleum completes successful drilling program in Mubarek Field
Crescent Petroleum, the Region’s oldest private upstream company and the operator of the, has announced the successful conclusion of its recent drilling program
Crescent Petroleum Begins Producing from Mubarek K2-ST4
Sky Petroleum says that the Mubarek K2-ST4 well located in the Mubarek Field, offshore United Arab Emirates, in which Crescent Petroleum is the operator
Sky Reports Production Up on 2 Mubarek Wells
Sky Petroleum, Inc. reported that during the two months ending November 30, 2007, Mubarek production from the H2 and K2-ST4 wells was 31,562 barrels of oil.
Dubai’s DMCC launches new clean energy partnership
Dubai Multi Commodities Centre (DMCC) said on Tuesday it signed a deal with two United Arab Emirates firms to help develop clean energy projects in the oil exporting region
DMCC and EcoSecurities to work with Dana Gas and Crescent Petroleum on Emissions Reduction Projects
Dubai Multi Commodities Centre (DMCC) and EcoSecurities announced today the signing of a strategic alliance agreement with Dana Gas PJSC and Crescent Petroleum
Iran, UAE’s Crescent closer to gas deal
Talks to resolve a dispute over pricing and volume of gas imports from Iran are underway, says the United Arab Emirates (UAE) Crescent
Sharjah Government & Crescent Petroleum ink major deal
H.H. Sheikh Dr. Sultan bin Mohamed Al-Qassimi, member of the Supreme Council, Ruler of Sharjah, signed an exploration and production agreement with Mr. Hamid Jafar, the Chairman of the United Arab Emirate’s Crescent Petroleum
Crescent Petroleum and Sharjah government sign major deal
HH Sheikh Dr Sultan bin Mohamed Al-Qassimi, Supreme Council Member and Ruler of Sharjah, signed on Sunday an exploration and production agreement with Hamid Jafar, Chairman of the Crescent Petroleum Co.
Dana Gas to supply gas to Iraq Kurds from mid-2008
UAE-based Dana Gas DANA.AD will begin supplying gas to the Kurdish region from a field in northern Iraq by mid-year, six months later than first planned, Dana said on Sunday
Dana Gas Project in Iraqi Kurdistan over 70% Complete
Dana Gas, the Middle East’s first and largest regional private sector natural gas company, has announced that its project in the Kurdistan Region of Iraq to supply
Crescent Petroleum sponsors Iraqi universities at Global Education Conference in London
Crescent Petroleum has sponsored three leading Iraqi universities to attend the GetEnergy 2008 Global Education and Networking Event, held in London this year, on 26-28 March
Free-market key to Sharjah’s growth – ‘Emirates Business 24/7’ interview with Majid Jafar
Eton and Harvard-educated, Majid Jafar could have gone on to reach the pinnacle of success on Wall Street or the City of London – maybe even both. Yet, his roots are deeply implanted in the UAE, both in terms of culture and family
Iran says talks with Crescent positive
Iran said its latest talks with UAE’s Crescent Petroleum over a long-running price dispute were “very positive”, an Iranian news agency
Interview with Majid Jafar
28 May 08 Majid Jafar, executive director of Crescent Petroleum, talks to UPI about its plans for Iraq’s oil and gas sector
Crescent charters world’s largest aircraft to Iraq
Crescent Petroleum, in partnership with Dana Gas, has chartered the world’s largest aircraft, the Antonov 124 (An-124), to transport a large load
Crescent Petroleum signs cooperation agreement with Reliance
Crescent Petroleum announced today the signing of a cooperation agreement with Reliance Exploration and Production (Reliance E&P), a wholly-owned subsidiary of Reliance Industries Limited (RIL), India’s largest private sector conglomerate
Iraq gas fields on stream early August : Crescent
Crescent Petroleum, along with its affiliate Dana Gas, will start producing gas from northern-Iraq’s Kurdistan fields in early August, a company executive said yesterday
Crescent project nears completion
A project to supply, process, and transport natural gas to Kurdistan Region for much-needed and more affordable electricity is rapidly progressing
Crescent Petroleum and Dana Gas announce establishment of 461 million square feet site for Kurdistan Gas City
Gas Cities LLC, a joint venture between Crescent Petroleum and its partner Dana Gas PJSC, the Middle East’s first and largest regional private-sector natural gas company, announced today that
Crescent Petroleum and AMAR Foundation to launch development centre in Southern Iraq
Crescent Petroleum has announced the signing of a Memorandum of Understanding (MoU) with the AMAR International Charitable Foundation for cooperation to support capacity-building and local communities in Iraq
Crescent Petroleum-Dana Gas Community Action Program
Under Crescent Petroleum-Dana Gas Community Action Program & with the cooperation of Rebaz foundation, a caravan was handed over to Grdasoor-Quashtapa area to be used as a health center
Crescent Petroleum and Dana Gas announce the start-up of First Gas in Kurdistan Region of Iraq
Crescent Petroleum and Dana Gas announce the start-up of natural gas production, processing and transportation by pipeline in their major joint project in the Kurdistan Region of Iraq
Crescent enters negotiations with provinces over gas cities
The UAE’s Crescent Petroleum is in talks with provincial authorities in Iraq to replicate the gas city it set up in norther Iraq, with further cities to be established in the southern region of Basra and Al-Anbar in the west
UAE’s Crescent, Dana eye 4 gas cities
The UAE’s Crescent Petroleum and affiliate Dana Gas are planning to set up at least four gas cities in the Middle East and North Africa region as it seeks to tap growing demand for hydrocarbons
Gas City in Egypt
Crescent Petroleum and Dana Gas, on Tuesday announced the development of Egypt Gas City, jointly with the Egyptian government
MOL and OMV join Crescent and Dana Gas in Kurdistan region of Iraq
Crescent Petroleum and Dana Gas PJSC are pleased to announce strategic partnership agreements with OMV, Austria’s largest listed industrial company and MOL Hungarian Oil and Gas Company, Hungary’s largest listed
Crescent Petroleum and Dana Gas express confidence in Nabucco deal
The $8 billion (Dh29.36 billion) energy deal promoted by UAE-based upstream energy explorers Dana Gas and Crescent Petroleum bringing in two European rivals – Hungary’s MOL and Austria’s OMV – has raised
Sharjah Chamber of Commerce and Industry to host the Emirates – Iraq Business Forum
Under the patronage of His Highness Dr Sheikh Sultan bin Mohammed Al Qassimi, Member of the UAE Supreme Council and Ruler of Sharjah, the Sharjah Chamber of Commerce and Industry (SCCI) is hosting the Emirates-Iraq Business Forum
GASCITIES LLC launches ‘Yemen Gas City’ in the presence of H.E. Yemeni Prime Minister
GASCITIES Ltd, a joint venture company established between Dana Gas PJSC and Crescent Petroleum for the express purpose of introducing and developing a unique ‘Gas City’ concept, today announced that it has reached an agreement
Crescent Petroleum executive wins CEO award
Badr Jafar, the executive director of the Sharjah-based Crescent Petroleum has been recognised as the young CEO of the year at the CEO Middle East magazine awards held at Dubai’s Grosvenor House hotel last night
Gascities to boost energy sector – Gulf News interview with Badr Jafar
Gascities, is planning to invest between $2 to $3 billion (Dh10.8 billion) each in a number of energy clusters, under the ‘Gas City’ branding, which in turn could attract potentially up to $30-$40 billion in third-party investment
Arbitration panel to settle Crescent-NIOC gas dispute
09 November 09 An international arbitration tribunal has been formed to settle a longstanding dispute over a gas deal between the UAE and Iran, a spokesman from the UAE-based Crescent Petroleum told Reuters on Sunday
Making the case for gas market liberalisation
Badr Jafar, executive director of Crescent Petroleum and CEO of Crescent Investments told Utilities Middle East that the low regional price for gas, a feedstock for cheap electricity, is no longer economically sound
‘The National’ interview with Badr Jafar
At age 30, when most men are early in the arc of their careers, Badr Jafar has found himself atop a family business empire that stretches from oil and gas to aviexitation, mining, shipping, health care and private equity
Crescent sponsors the 14th Annual Middle East Gas (MEGAS) Summit
Majid Jafar, Executive Director of Crescent Petroleum and a Member of the Board of Dana Gas PJSC, was speaking at the first day of the 14th annual Middle East Gas (MEGAS) Summit, taking place at the Radisson Blu Hotel on Yas Island, Abu Dhabi
Crescent Petroleum and Rosneft Oil Company sign Signifciant Strategic Cooperation Agreement
Crescent Petroleum, the Middle Easts longest established private petroleum company, today announced the signing of a Strategic Cooperation Agreement with Rosneft Oil Company, Russias leading oil producer and marketer of hydrocarbon products. The Agreement was signed in Moscow between Badr Jafar, Executive Director
Drilling starts at SOC field
A partnership between Sharjah-based Crescent Petroleum and Russia’s Rosneft Oil Company commenced drilling Saturday on the first of four possible wells for natural gas in the Sharjah Onshore Concession (SOC) near Al Madam with an initial outlay of Dh220 million
Rosneft joins Crescent Petroleum in Sharjah concession
Crescent Petroleum, the Middle East’s leading private oil and gas company and Rosneft Oil Company, Russia’s leading oil company, today announced the signing of a Farm-Out agreement for the Sharjah Onshore Concession
Partnership with Rosneft
Crescent Petroleum’s Executive Director tells MME about the significance of Russia’s largest oil producer expanding its presence in the Middle East
Putin hosts round table with Crescent
The privately held oil and gas company said it took part in a round table discussion in Moscow on Saturday hosted by Vladimir Putin, the Russian prime minister
Crescent Group and UN launch Mideast initiative
UAE-based conglomerate the Crescent Group has joined forces with the United Nations to launch a new initiative designed to promote transparency and accountability in the Middle East, it was announced in New York on Monday
Kurdistan flows on the rise
Crescent Petroleum and affiliate Dana Gas have reached a production and processing capacity of 200 million cubic feet of gas per day in Iraq’s Kurdistan region
Cresent Group to strengthen Russia ties on energy
Sharjah’s Crescent Group has expanded its ties with Russia through an alliance with the country’s biggest power company
Badr Hamid Jafar, Executive Director of Crescent Petroleum, selected as a Young Global Leader by World Economic Forum
Badr Jafar, Executive Director of Crescent Petroleum and Co-Initiator of the Pearl Initiative, has been awarded with the honour of Young Global Leader (YGL) with the World Economic Forum
Sharjah gas supply arbitration next year
30 June 11 International arbitration sought by Crescent Petroleum, the multi-billion dollar Sharjah-based diversified upstream energy exploration company, agaisnst the National Iranian Oil Company (NIOC) for losses incurred by its failure to supply to Sharjah the amounts of gas agreed upon, is expected to be resolved in February 2012
Gas vital to Middle East economies
‘Gulf News’ Interview with Majid Jafar, CEO of Crescent Petroleum
5th annual Iraq Petroleum Conference is underway in London
The fifth annual Iraq Petroleum Conference, with support from Upstream Principle Sponsor Crescent Petroleum, the Middle East’s longest established private petroleum company, is focused on the next phase of developing Iraq’s oil and gas resources. Bringing together leading officials and industry executives – including Crescent Petroleum CEO Majid H. Jafar
Turning up the gas
Crescent Petroleum’s chief executive, Majid Jafar, discusses the Sharjah-based firm’s gas project in Kurdistan, the challenges facing Iraq’s hydrocarbons industry, oil politics, Opec and global demand
Badr Jafar appointed to World Economic Forum Energy Security Council
Badr Jafar – President of Crescent Petroleum, and Managing Director of the Crescent Group, has been appointed to the World Economic Forum’s Energy Security Council, and will serve amongst other international experts and energy officials to advise on ensuring a safe and green energy future for future generations
Badr Jafar honored with LIBAN award
Badr Jafar, President of Crescent Petroleum, Managing Director of the Crescent Group, Chief Executive Officer of Crescent Investments, and Co-Initiator of the Pearl Initiative, was honored yesterday in Beirut as one of the “Top International Entrepreneurs and Businesspersons”
Consortium sets higher target for Kurdistan gas
The Sharjah-led consortium that operates the only commercial gasfields in Iraqi Kurdistan plans to expand its production as domestic needs grow and the semi-autonomous region considers exports to Europe.
Principles of a nation offered an advantage from the start
02 December 11 Forty years ago, seven desert sheikhdoms came together to announce their political union under a new federation. The region and the world were sceptical about the chances for success and survival of this new country, and with good reason – with British protection withdrawn, and territorial claims by larger established neighbours such […]
‘Art in Iraq today’ book launched
As part of events to commemorate its 40th year, Crescent Petroleum, the Middle East’s oldest private oil and gas company, has partnered with the Meem Gallery, a leading specialist in the Arab art world, to launch “Art in Iraq Today”
Crescent’s wise man looks north
Majid Jafar, CEO of upstream oil and gas company Crescent Petroleum, says the Kurdistan region of Iraq is key to the company’s future growth
Crescent Petroleum’s Chairman Mr. Hamid Jafar addressing the World Economic Forum in Istanbul
Crescent Petroleum’s Chairman Mr. Hamid Jafar addressing the World Economic Forum in Istanbul on “New Energy Corridors” on 5th June 2012
Youth unemployment in the Arab world: tackling the demographic time bomb
The threat to stability in the Arab world posed by youth unemployment is such that governments old and new must urgently address the worsening economic environment. If a solution is not found soon, the whole region risks instability or even secondary revolutions
Crescent Petroleum and Dana Gas Kurdistan Production Reaches 70,000 barrels per day
Leading Middle East private oil and gas company Crescent Petroleum and its partner and affiliate Dana Gas PJSC, the region’s first private-sector natural gas company, have, in their capacity as joint operator of the Kor Mor field, announced that total production in their major gas operations in the Kurdistan Region of Iraq has grown steadily […]
Gulf gas production has 30 billion cubic feet per day more potential, Crescent Petroleum President tells participants in WEF Summit on Global Agenda
Addressing fellow members of the World Economic Forum Council on Energy Security, as part of the ongoing Summit on the Global Agenda in Dubai, the Managing Director of the Crescent Group and President of Crescent Petroleum said that the Gulf region has the potential to produce up to an additional 30 billion cubic feet per […]
Dana Gas and Crescent Petroleum Kurdistan production reaches 80,000 barrels per day on 4th anniversary
Dana Gas, the region’s first regional private-sector natural gas company, and Crescent Petroleum, the oldest Middle East private oil and gas company, in their capacity as joint operator of the Khor Mor field, have announced that total production in their gas operations in the Kurdistan Region of Iraq has reached 80,000 barrels of oil equivalent […]
Mideast to need $600b investment in oil and gas
“To create a sustainable energy grid, the MENA countries need clear and good energy policies that will help the region offer sustainable energy with a good energy mix to power their economies,” Majid H. Jafar, Chief Executive Officer of Crescent Petroleum, said on Wednesday at a breakout session at the World Energy Forum
Arab roots a boon in Crescent Petroleum expansion
Crescent Petroleum, the Sharjah oil producer, plans to move into post-Arab Spring countries that it believes will be friendly to regional investment. It is renewing talks with Egypt to create an industrial cluster and is feeling out opportunities in Libya to take over concessions left behind by other foreign investors. Royal Dutch Shell
BBC interviews Crescent’s CEO
Majid Jafar shares his views on the recent socio-political changes impacting the Middle East’s economy and the region’s growing energy business
Iraq Oil Report interviews Crescent CEO
A key leader in the development of the Khor Mor gas field, Majid Jafar discusses the project that has fueled Kurdistan’s economic boom and become Exhibit A in the argument for reforming Iraqi gas policy. Majid Jafar is the CEO of Crescent Petroleum and a board member of Dana Gas. The companies are jointly […]
Gulf Business interviews Majid Jafar
Majid Jafar, CEO of UAE-based oil and gas company Crescent Petroleum, believes the Arab world’s economic revolution is only just beginning, and private sector companies are driving the change
Crescent to enter Libya, Lebanon
UAE-based Crescent Petroleum is gearing up for expansion in the Iraqi oil and gas sector and a debut into Libya and Lebanon, its chief executive told Reuters
Dubai One Interviews Majid Jafar
Majid Jafar, Crescent Petroleum’s CEO, addresses the challenges facing the energy sector today; discussing the implications behind fluctuating oil prices, the need for establishing clear energy policies and job creation in the Middle East ………
Crescent Petroleum’s CEO discusses opportunities within the private sector
In an exclusive interview with Gulf Business, Crescent Petroleum’s CEO, Majid Jafar, highlights the wealth of new opportunities underlying the Arab world’s economic revolution, and its advantages to the private sector
Crescent Petroleum Highlights Importance of Environmental Policy for Regional Companies
Arab World Energy Demand increases 500% in last 30 years Affordability and sustainability key to sustainable energy policy for region Crescent Petroleum, the Middle East’s oldest private oil and gas company, has highlighted the need for responsible companies in the Arab World to develop and adopt environmental policies for sustainable development as part of their […]
Majid Jafar addresses youth unemployment (BBC Radio)
In an interview with BBC’s Business Daily World Radio report, Majid Jafar, Crescent Petroleum’s CEO and Member of the World Economic Forum’s Global Agenda Council, expands on the issues underlying the disproportionate increase in youth unemployment around the world. Joined by Skills Policy Adviser, Katerina Rudiger of the CIPD, Jafar and Rudiger assess the challenges […]
Gas: Plans develop to raise foreign sales
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 […]
Dana Gas shareholder supports debt restructuring deal
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”
Majid Jafar: One of the most powerful people in ME Oil & Gas
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 […]
UAE’s Gas Cities and Saudi’s Construction Products Company International to develop industrial parks across MENA region
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)
Majid Jafar’s BBC Radio-WEF Davos speech
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”
Majid Jafar on CNBC at WEF Davos
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
Majid Jafar CEO Crescent Petroleum on CNBC Squawk Box
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
Crescent unveils big Russia expansion plans
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
Without a political deal on oil, Iraq cannot fulfil its 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
CNN Reports on Crescent Petroleum Kurdistan Project
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
Sharjah Crown Prince opens Crescent Petroleum Offices
HH Sheikh Sultan bin Mohammed bin Sultan Al-Qasimi, Crown Prince and Deputy Ruler of Sharjah, opens the new Crescent House offices in Sharjah accompanied by local officials and in the presence Mr. Hamid Jafar, Mr. Majid Jafar, Mr. Badr Jafar, and Ms. Razan Jafar
Global Energy demand undergoing rapid change
The world’s energy demand is growing with increasing population and rapid development in emerging markets. Today, about 1.1 billion people in the ‘developed’ world, consume 110 million barrels of oil equivalent per day (boe/d) in primary energy. The developing world’s 5.8 billion people consume 140 million boe/d
Crescent Moon Rising
Crescent Petroleum’s President Badr Jafar in Oil & Gas Middle East magazine interview
Crescent Petroleum CEO Majid Jafar on Al-Jazeera International
While attending the Doha Energy Forum, Crescent’s CEO Majid Jafar speaks to Al Jazeera International about the impact of the economic downturn
Crescent Petroleum CEO Majid Jafar interview in The Gulf magazine, “Stepping on the Gas”
Sharjah-headquartered Crescent Petroleum is the oldest privately-owned independent petroleum company in the Middle East, in a region dominated by national oil companies (NOCs) and global oil majors
Crescent’s CEO in CNN
CNN’s John Defterios interviews Majid Jafar, CEO of Crescent Petroleum, for Market Place Middle East
Dana Gas and Crescent Petroleum Restore full LPG Capacity in Kurdistan
Dana Gas, a local private-sector natural gas company, and Crescent Petroleum, have rebuilt the LPG loading and dispatch facilities at the Kor Mor LPG Plant in Kurdistan Region of Iraq
Targeting new horizons
“We are focusing on our major operations in Iraq and in Sharjah, as well as looking to new areas of expansion in other countries in the Middle East and North Africa [Mena] region and beyond,” Majid Jafar, chief executive of Crescent Petroleum, told Khaleej Times in an interview
Majid Jafar on Dubai Eye’s Business Breakfast
In a radio interview with host Malcolm Taylor, Majid Jafar discusses his outlook on the Middle East’s energy opportunities
Majid Jafar expresses optimism behind energy exports
Jafar expressed that Dana Gas saw real opportunities in Iraq and Egypt, and found cooperation between the parties beneficial to both Dana Gas and the countries themselves
Crescent Petroleum’s CEO Majid Jafar on CNN’s Global Exchange
Majid Jafar comments on Iraq Oil Policy on CNN’s Global Exchange
Majid Jafar on CNBC Europe’s Squawk Box “CEO Call”
CEO of Crescent Petroleum tells CNBC that beneath the instability in Egypt lies a very high percentage of youth unemployment
Majid Jafar elected Deputy Chairman of the Global Energy Initiative
Majid Jafar, CEO of Crescent Petroleum and Vice-Chairman of the Crescent Group of companies, has been elected Deputy Chairman of the Global Energy Initiative (GEI) – the leading international not-for-profit organization
Majid Jafar named ‘Visionary of the Year’ at CEO Middle East Awards
Majid Jafar, CEO of Crescent Petroleum, the Middle East’s oldest private oil and gas company, and Vice-Chairman of the Crescent Group of companies – has received the award for ‘Visionary of the Year’ at this year’s CEO Middle East Awards, held on September 11th at Emirates Towers Hotel in Dubai
Dana, Crescent Celebrate 5 Years Continuous Production in Kurdistan
Dana Gas and Crescent Petroleum celebrated on Tuesday five years of continuous production in the Kurdistan Region of Iraq. As joint operators of the Khor Mor field, the two companies are currently producing an average of 80,000 barrels of oil equivalent per day (boepd). With a total investment of $1.1 billion and total cumulative production […]
Majid Jafar on CNBC Access Middle East
Majid Jafar, CEO of Crescent Petroleum, tells CNBC why regional firms, not international conglomerates, have the know-how to navigate in Iraq
UAE’s Crescent Petroleum eyes Africa exploration
Crescent Petroleum, the Middle East’s oldest privately-owned oil and gas company, is considering exploration opportunities in sub-Saharan Africa, CEO Majid Jafar told Arabian Business
Majid Jafar: Corporate governance is vital to long-term wellbeing of company
Majid Jafar, the CEO of Crescent Petroleum, one of the Middle East’s oldest private oil & gas companies, and also the vice-chairman of the Crescent Group, was speaking at the 7th Hawkamah Mena Corporate Governance conference held recently in Dubai
Crescent Petroleum CEO Majid Jafar on CNBC
Majid Jafar, CEO of Crescent Petroleum, shares his views with CNBC on Iran Oil production
Crescent Petroleum CEO listed among top 100 business leaders and Energy CEO of the Year by Amwal Magazine
Amwal Magazine issued a list of the most prominent business leaders of 2013, the names were selected by the Magazine editing team from 100 nominees. After several months of continuous work including surveys and researches about investment strategies, we finally came up with the list of 2013
UAE Companies foreign investments exceed US$100 billion
The major successes of UAE companies in foreign investment can be attributed to strong support from the national leadership and relevant government ministries including the Foreign Ministry and the Ministry of Economy. said a top industrialist
Crescent Petroleum CEO op-ed in Arabian Business Magazine on unemployment in the Arab World
Just over three years ago, Arab youth took to the streets protesting and demanding a better life, a better job and a future that includes dignity and respect. Unfortunately, given the continued regional political instability
Crescent CEO: Despite US boom, MidEast still key
Despite the United States’ boom in fracking-related oil production, the U.S. and rest of the world are still dependent on the Middle East for oil and gas reserves, Majid Jafar, the CEO of Crescent Petroleum, told CNBC
Crescent Petroleum CEO on CNBC at Davos
Majid Jafar, CEO at Crescent Petroleum, says that while the Middle East has been losing capacity due to political unrest, it remains the region with the most opportunities
Crescent Petroleum President on CNN at Davos
Badr Jafar, President of Crescent Petroleum, discusses Iran’s re-engagement with the business community
The Jafar Brothers: Oil, gas and governance
Badr, 34, and elder brother Majid, 37, are – despite their relatively young age – becoming pillars of the international establishment. One minute, Badr pops up in meetings with Russian president, Vladimir Putin, the next in Morocco, producing a charity single – Tomorrow/Bukra with Motown legend, Quincy Jones. A picture of Majid meeting English royal […]
Crescent CEO Majid Jafar speaking at the plenary of Global Education and Skills Forum
Crescent CEO Majid Jafar speaking at the plenary of Global Education and Skills Forum said that “The most important resource for any business in any sector anywhere in the world is our human talent. And the best investment in that resource starts always with education.”
Crescent CEO launches Centre for Economic Growth in Abu Dhabi
Business leaders, senior officials and academic experts convened today in the UAE capital for the launch of the Centre for Economic Growth (CEG) in partnership with INSEAD, the leading international business school
Article in The Telegraph by Crescent CEO
Iraq violence demonstrates urgency for a Middle East ‘Marshall Plan’
Crescent CEO on CNN Quest means Business
Crescent Petroleum CEO Majid Jafar on what is at stake for Iraq’s oil sector if the conflict in the country escalates
Crescent Petroleum CEO Majid Jafar on CNN Business View
Majid Jafar, the CEO of Crescent Petroleum, explains why oil prices remain at their lowest since 2010
CEO Majid Jafar at WEF Summit in Dubai
CEO Majid Jafar at WEF Summit in Dubai…
UAE-Russia Energy Experts discuss Energy Security in an Era of Market Transformation in Abu Dhabi
Government Officials and Energy CEOs met in Abu Dhabi at the St Petersburg International Economic Forum to discuss the key topics effecting energy security in 2014 and beyond and setting the scene for the Forum’s discussions in their upcoming meeting in St Petersburg in May 2014. Attendees included Suhail Mohamed Faraj Al-Mazrouei, Minister of Energy
Crescent Petroleum CEO calls for urgent regional economic action in Davos
Majid Jafar: “Middle East youth unemployment exceeds 30%” Majid Jafar, CEO of Crescent Petroleum and Vice-Chairman of the Crescent Group. 20th January 2015, Davos – Majid Jafar, CEO of Crescent Petroleum, calls for leaders at this year’s Annual Meeting of the World Economic Forum in Davos to put economic stability in the Middle East on […]
CEO Majid Jafar at Davos on CNBC
CEO Majid Jafar at Davos on CNBC…
CEO Mr. Majid Jafar on Bloomberg TV
CEO Mr. Majid Jafar on Bloomberg TV
Majid Jafar, Crescent Petroleum CEO, discusses Iraq’s oil sector on CNBC
Majid Jafar, Crescent Petroleum CEO, discusses Iraq’s oil sector on CNBC
Majid Jafar, Crescent Petroleum CEO, speaking at the Brookings Doha Energy Forum
Middle East should make energy sector reforms to remain competitive Majid Jafar: “Shale oil & gas revolution in America is positive for our region; oil prices not low by historical standards” Majid Jafar, CEO of Crescent Petroleum and Vice-Chairman of the Crescent Group. The CEO of the Middle East’s oldest private oil & Gas Company […]
Mr. Majid Jafar speaks on Infrastructure plenary panel with Gordon Brown
Mr. Majid Jafar speaks on Infrastructure plenary panel with Gordon Brown:
Mr. Majid Jafar interview on CNBC from the WEF Dead Sea Summit
Mr. Majid Jafar interview on CNBC from the WEF Dead Sea Summit
Infrastructure Investment for Tackling Region’s Youth Unemployment
INFRASTRUCTURE INVESTMENT KEY TO TACKLING YOUTH UNEMPLOYMENT CRISIS Regional Youth Unemployment Now Averages 30% Over $100 billion Annual Infrastructure Spending needed across the MENA Region 2.5 million Additional Jobs could be Created Annually across region Majid Jafar, CEO of Crescent Petroleum and Vice-Chairman of the Crescent Group. Jordan, 24th of May 2015 Majid Jafar, CEO […]
Crescent CEO Discusses Middle East Energy Reform on CNN
Crescent CEO Discusses Middle East Energy Reform on CNN
CEO Majid Jafar speaking to CNN at Davos
Crescent Petroleum’s CEO, Majid Jafar, tells CNN’s Richard Quest why the need for true economic reforms to drive growth and create job opportunities for the youth is greater than ever
Low Oil Prices are an Opportunity for the Middle East
Business leaders from the MENA region gathering at the World Economic Forum in Davos this year are calling for greater economic reforms in the Arab World in order to lower dependence on oil
“Socio-Economic Benefits Report” for Gas Project in KRI Reveals Significant Impact
Dana Gas – Crescent Petroleum gas project brings large economic and social benefits to Kurdistan Region of Iraq Study by PWC shows US$1.2 billion investment has already enabled fuel cost savings to the KRG of $16 billion and yielded further downstream economic benefits of over US$10 – 15 billion for the Kurdistan Region Dana Gas […]
Crescent Petroleum CEO Sees Oil Reaching $60 This Year
Crescent Petroleum CEO Sees Oil Reaching $60 This Year
Adoption of New Technologies Can Boost Regional Oil & Gas Sector in Face of Global Competition
Anitha Murali
Service & Training Coordinator
Shakhawan Kamal
Head of Human Resources & Administration, Kurdistan
Amira Al Alami
Senior Process Engineer
KURDISTAN REGION OF IRAQ
Quick Facts
- Crescent Petroleum and its affiliate, Dana Gas signed agreements in April 2007 with Kurdistan Regional Government of Iraq for the development of its substantial gas resources, including the launch of the Kurdistan Gas City.
- Agreements include the development, processing, and transportation of natural gas from the Khor Mor and Chemchemal Gas Fields, in order to provide natural gas supplies to fuel domestic electric power generation plants near Erbil and Suleymania.
- Gas deliveries to the Erbil Power Station commenced on 1st October 2008 via the 180 km pipeline within a record period of 15 months.
- The benefits to the Iraqi people include urgently needed electricity to 6 million residents alongside a saving of USD$ 2.5billion per year from displacement of liquid fuel import costs.
SIR ABU NU’AYR CONCESSION
Quick Facts
- Situated in the heart of one of the world's major and prolific hydrocarbon basins.
- The acreage is flanked to the east by Dubai’s Fateh and Rashid oil fields complex, to the north by the Sirri oil field of Iran and to the west by the prolific oil and gas fields of Abu Dhabi.
- Salt Dome hydrocarbon plays are prevalent throughout the Gulf of Mexico, the North Sea and within the Arabian Gulf.
- Previous 2-D seismic survey indicates the project's considerable potential.
- Comprehensive 3D/2D seismic survey design covering the island and the surrounding area of 12 nautical miles were conducted during 2008.
ONSHORE SHARJAH CONCESSION
Quick Facts
- Onshore Sharjah block covers approximately 1243 sq km of acreage near existing gas - condensate fields.
- The 2D seismic data was acquired by WesternGeco in Q3, 2008.
- The data indicate significant potential recoverable volumes in line with existing onshore gas condensate field sizes in the Northern Emirates.
- Crescent completed interpretation of the Thamama horizon and identified several leads and prospects with significant potential recoverable volumes in line with the existing onshore gas – condensate field sizes.
- Farm-out agreement signed with Rosneft Oil Company early June 2010.
- Drilling activity started in June 2010, in a project which involves drilling two exploration wells to an estimated depth of 15000 ft.
- Concession handed over to Government upon expiry of license period
DANA GAS
As a company, we believe that it takes the right blend of talent to successfully complete the challenging projects that we aspire to deliver. To meet our objectives, we are continuously looking for the right people with innovative ideas and a heartfelt desire to succeed.
MUBAREK FIELD
Quick Facts
- Mubarek Field is one of the region’s prolific oil and gas discoveries.
- Production commenced in 1974.
- Estimated cumulative production to-date in excess of 100 million barrels of oil.
- Production facilities have processing capacity of 60,000 bopd of oil and gas export pipelines with export capacity of 150 MMscfpd in place.
- Capital investment in the Mubarek Field exceeds US$ 500 million with finding and development cost of US$ 2.90 per bbl
- Concession handed over to Government upon expiry of license period
GAS SUPPLY PROJECT
Quick Facts
- UAE Gas Supply Project involves the ownership, transportation, processing, distribution, marketing and sale of natural gas and petroleum products.
- Crescent Petroleum through its affiliates has secured long-term agreements for the sale of gas with ultimate end-users in the UAE.
- US $300 Million investment in the gas sweetening plant and the transmission facilities, which are owned by SajGas and UGTC respectively, both wholly owned subsidiaries of Dana Gas PJSC.
- Gas deliveries by NIOC were due to commence in 2005, however, due to further technical issues and ongoing delays, the completion of the Iranian facilities to produce and transport the gas to CNGC was delayed, leading to contract termination in 2018.
IRAQ PROJECTS
Quick Facts
- Crescent Petroleum is the only international oil company to have had a continuous presence in Baghdad for almost 20 years.
- Crescent Petroleum signed in 2005 a Memorandum of Understanding (MOU) with the Oil Exploration Company (OEC) of Iraq, a division of the Iraqi Ministry of Oil. The agreement covers technical co-operation and training, and includes an exploration and appraisal study on an area assigned for Crescent Petroleum by OEC in southern Iraq.
- A Joint Steering Committee for technical cooperation has also been set up between Crescent Petroleum and Iraq's Ministry of Oil to facilitate and implement the terms of the MOU.
- Crescent Petroleum performed detailed studies and conducted negotiations with the Ministry of Oil for the development of the giant Ratawi oil field, in southern Iraq.
GULF SOUTH ASIA GAS PROJECT
Quick Facts
- The GUSA Project comprised two main parts, viz the Upstream Development to produce the gas at the source in Qatar, and the Pipeline, which was to transport the gas to Pakistan.
- The Upstream part included the development of a sector of the North Field of Qatar to produce natural gas of up to 1600 MMscfpd of pipeline quality gas for export to the Pakistan markets.
- The Pipeline between Qatar and Pakistan, being 1186 kilometers, was to support the economics of a large diameter pipeline project.
- Total project costs incurred in excess of US $ 30 million.
YEMEN
Quick Facts
- Concession Holder and Operator for Block 2 and 9 of 4000 sq kms each; Concessions obtained in 1991.
- International partners : British Gas and Clyde Petroleum of United Kingdom, Louisiana Land & Exploration of USA, Itochu Oil Exploration Co. Ltd and Indonesia Petroleum Ltd of Japan.
- Exploration work included 2000 kms seismic acquisition, processing, interpretation and drilling of 7 exploration wells.
- Shows of hydrocarbons found and wells tested oil, but not in commercial quantities. Concessions relinquished.
PAKISTAN
Quick Facts
- Concession Holder of 2 blocks in the Potwar Basin of 2000 sq kms; 1986 through 1990.
- Amoco (now bp) was the joint venture partner, and the exploration work conducted included 782 kms seismic acquisition, processing, interpretation and drilling of an exploration well.
- On expiry of the permit, the blocks were handed back to the Government of Pakistan.
EGYPT
Quick Facts
- Concession Holder in Western Egypt of 861 sq kms; 1990 through 1992.
- Exploration work conducted included 200 kms seismic acquisition, processing, interpretation and drilling of an exploration well.
- Structure containing 60 million barrels of oil identified but with low permeability; well tested at low non-commercial rates.
- On expiry of the exploration, the concession was relinquished and handed back to the Government of Egypt.
MONTENEGRO (FORMERLY YUGOSLAVIA)
Quick Facts
- Crescent Petroleum in joint venture with Jugopetrol Kotor, obtained exploration rights for Block 1 in the Adriatic Basin of 3830 sq kms. 1973 through 1990.
- Exploration work included 4,200 kms seismic acquisition, processing, interpretation and drilling of 4 exploration wells.
- Good potential drilling prospects identified, but due to political turmoil Concession was returned.
ARGENTINA
Quick Facts
- Crescent Petroleum in joint venture with Golfo Petrolero obtained the Concession in 1981 for a block lying in the Jorge Basin in Argentina for 232 sq kms.
- Twelve wells were drilled, which resulted in some oil production.
- Crescent Petroleum subsequently sold its interest to another oil company.
CANADA
Quick Facts
- Crescent Petroleum acquired in 1989 a controlling interest in BRCL, which is a holder of significant oil and gas production and exploration acreage in Canada.
- In 1990s, Crescent Petroleum sold its interest in BRCL.
UAE & OMAN
Quick Facts
- Technical operator, until 2004, for the license concessions of Ajman, Ras Al Khaimah, Umm Al Quwain held by Atlantis/Sinochem. The work conducted by Crescent Petroleum included drilling of several exploration and appraisal wells.
- Technical services provider to Novus Petroleum, during 2002-2003, which included the drilling of a discovery well in the shore of the Bukha Field, Offshore Oman.
Natural Gas is the Middle East’s fastest growing energy source, says Crescent Petroleum CEO
Majid Jafar shares his insights on the future of energy at the first Atlantic Council Global Energy Forum Natural gas is set to emerge as the world’s second most important source of energy over the next decade, according to the CEO of the Middle East’s oldest private oil & gas company.“The global gas market is […]
Lack of investment heightens danger of an oil price shock: Crescent Petroleum CEO
“MENA business executives call for bold economic reform” at The World Economic Forum’s Middle East and North African (MENA) Regional Business Council
18 January 2017, Davos – The World Economic Forum’s Middle East and North African (MENA) Regional Business Council today launched a report outlining six policy reforms to create jobs and stability in the region. “We cannot continue to have one in three young people in our region unemployed. We need to transform our economies to […]
Arab Gulf States Institute in Washington hosts CEO Majid Jafar
As part of its new energy roundtable series, AGSIW was pleased to host a roundtable discussion with Majid Jafar, CEO of Crescent Petroleum, in conversation with Roger Diwan, vice president of IHS Financial Services at IHS Markit.
Enhanced US engagement on Middle East is positive: Majid Jafar on CNBC
UAE as a leader in innovation: Majid Jafar Crescent Petroleum CEO on CNBC
Majid Jafar on OPEC compliance on CNBC from WEF Dead Sea Summit
Majid Jafar Crescent Petroleum CEO on CNBC discusses outlook for Iraq
Majid Jafar discusses cohesion between OPEC and non-OPEC on CNBC
Majid Jafar Crescent Petroleum CEO Plenary Session at WEF MENA Summit 2017
Majid Jafar and Iraqi Oil Minister on Energy Session at WEF MENA Summit 2017
Majid Jafar Crescent Petroleum CEO at Co-Chair Press Conference WEF MENA Summit 2017
VIDEO: Middle East oil reserves under-reported: Crescent Petroleum CEO
KRG agrees $1bn payment to Dana Gas-led consortium to settle dispute
KRG and Pearl consortium reach full and final 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 […]
Iraq’s Kurdistan poised for bumper gas growth
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.
Crescent Petroleum and Dana Gas support healthcare centre for IDPs
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.”
Sharjah prepares for its first Relay for Life
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.
Global Warning: Energy Industry Exhorted to Address Climate Change
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.
Asia, Middle East to drive gas demand growth, says Crescent Petroleum CEO
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.
Oil CEO warns of a shock upwards in prices over the coming months, predicts $80 oil
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
UAE’s Crescent Petroleum says it will more than double Iraq gas output in 3 years
Crescent Petroleum plans to raise its natural gas output in northern Iraq by 80 million cubic feet per day by October.
Sharjah’s Changing Energy Landscape to Be Explored in 2018 Report: Majid Jafar
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).
Press release – Gas Sales Agreement with KRG
10-year Gas Sales Agreement Signed between Pearl Petroleum and KRG Pearl Petroleum, the company consortium led by Crescent Petroleum and Dana Gas of the UAE, has signed a 10 year Gas Sales Agreement (GSA) with the Kurdistan Regional Government (KRG) to supply and sell the additional quantities of gas that it plans to begin producing […]
Zawya – Reuters coverage on GSA with KRG
The GSA was signed on 30th January 2018 by the KRG Minister of Natural Resources Dr. Ashti Hawrami, CEO of Crescent Petroleum Mr. Majid Jafar and CEO of Dana Gas Dr. Patrick Allman-Ward, to enable an increase in delivered gas production from the Khor Mor Field by an anticipated 80 million cubic feet of sales gas per day before the end of 2018
FOCPs’ Ana-vation Campaign Raises Awareness on Paediatric Cancers at SCRF
Sharjah24: Friends of Cancer patients (FOCP), UAE based non-profit organisation, is raising awareness on the early detection of paediatric cancers through its Ana-vation School Championship at the Sharjah Children’s Reading Festival
Bidding Against All Odds
Iraq managed to award 6 out of 11 exploration block and gas field in its fifth bid round, despite the rushed organisation which kept big players such as Exxon Mobil, Total and Lukoil away despite showing earlier interest.
New investment models are needed to boost MENA oil & gas competitiveness, Crescent CEO tells OPEC Seminar
Private sector can be an important partner in meeting $320 billion in oil and gas investment in coming years, Majid Jafar tells OPEC ministers and industry leaders.
New investment models needed to boost Mena oil and gas competitiveness
Majid Jafar CEO of Crescent Petroleum, and Board Managing Director of Dana Gas.
Oil CEO claims industry needs ‘another Iraq’ to satisfy demand
Speaking at the OPEC meeting in Vienna, Austria, Majid Jafar, CEO of the United Arab Emirates-based oil and natural gas producer, said it was clear that too much industry cash was going out in dividends when firms need to be building more infrastructure.
Crescent Petroleum CEO Says $60 – $80 Oil Meets Everyone’s Needs
Majid Jafar, chief executive officer at Crescent Petroleum, discusses the impact of prices and costs on the oil industry, oil consumption and demand, and what he sees for the future of the industry. He speaks on "Bloomberg Surveillance."
Oil needs another Iraq to satisfy demand, CEO says
Majid Jafar, CEO of Crescent Petroleum, discusses the global energy market.
Dana Gas and Crescent Petroleum Announce 30% Gas Production Increase in Kurdistan Region
Khor Mor Field produces 400mmscfd gas and 15,000 bbls/day condensate Pearl Petroleum plans expansion as it marks a decade of production in KRI Dana Gas, the Middle East’s leading publicly-listed regional natural gas company, and its partner Crescent Petroleum, have announced achievement of a 30% increase in production capacity at the Khor Mor field in […]
Majid Jafar on How leaders build winning teams
Majid Jafar, CEO at Crescent Petroleum, provides tips to leaders on how they can build winning teams in MENA. He also explains why having cultural awareness is so important in MENA.
Why natural gas is the fuel of the 21st century
Heavy storms, brush fires and other extreme weather events are putting the effects of greenhouse gas emissions into stark focus and causing increasing concern over climate change. In December, the National Climate Assessment, issued by several US federal agencies, estimated that greenhouse gas emissions are already leading to rapid climate change which will only grow […]
Switching electricity generation from coal to natural gas helps cut carbon emissions: Crescent Petroleum CEO
Policy makers worldwide have a proven solution for cutting carbon emissions by switching electricity generation from coal and oil to natural gas, Majid Jafar, CEO of Crescent Petroleum, told an audience of energy ministers and industry leaders meeting in Abu Dhabi yesterday.
Crescent Petroleum becomes sponsor of Abu Dhabi Special Olympics
UAE-based Crescent Petroleum has signed a Memorandum of Understanding (MoU) with the local organising committee of the Special Olympics World Games Abu Dhabi 2019 to sponsor the event in March, the company announced on Sunday.
Oil CEO says prices are more likely to hit $90 than $40 during 2019
Oil prices should sit around the $60 to $80 a barrel range throughout 2019 with volatility set to remain in the energy markets, Crescent Petroleum’s chief executive told CNBC Thursday.
The Great Energy Race
The current state and future of KRG’s natural gas
Majid Jafar, Managing Director of the Board at DANA Gas, the biggest private sector natural gas company in the Middle East, says that “natural gas is the fuel of the 21st century and plays an important part in reducing carbon footprint as a cleaner fuel and in supplying power generation and industry.”
FOCP’s Ana-vation School Championship Targeting Childhood Cancers Announces Teacher Training in 2019 Edition
Sharjah-based cancer charity Friends of Cancer Patients (FOCP) launched the second edition of its annual Ana-vation School Championship at the University City Hall recently to raise awareness on paediatric cancers among the UAE youth. The four-month championship features 150 students, aged 11 and above, from fifteen participating schools, who will gather in teams to use […]
Dubai marks Rare Disease Day
Dubai, 3rd March, 2019 (WAM) — High Hopes Pediatric Therapy Centre in Dubai, in partnership with Al Jallilah Children’s Specialty Hospital and the UAE Genetic Diseases Association, have marked Rare Disease Day 2019 with a family event on Meraas Kite Beach, Dubai.
Crescent Petroleum and Dana Gas to Increase Gas Production from Khor Mor Field by 63% within Two Years
20-year Gas Sales Agreement Signed between Pearl Petroleum and KRG Additional 250 MMscf/day in gas sales to fuel local power plants Plans underway for gas production from Khor Mor Field to reach 650 MMscf/day by 2021 and 900 MMscf/day by 2022 Total current production reaches 106,000 BOEPD Pearl Petroleum Company Limited (“Pearl Petroleum”), the Consortium […]
Oil & Gas Middle East Power 50 2019
It has been a whirlwind year for the regional oil and gas industry. Watching the market intently from our perch, Oil & Gas Middle East has seen the slips, successes and surprises that have kept oil and gas companies on their toes this year. In our Power 50 list, we tally all of these up […]
Crescent Petroleum joins industry leaders as Silver Sponsor of the 24th World Energy Congress
Abu Dhabi, United Arab Emirates (UAE): – The UAE Organising Committee of the 24th World Energy Congress is pleased to announce the sponsorship of Crescent Petroleum, the first and largest private upstream exploration and production company in the Middle East, as a Silver Sponsor and Exhibitor at the World Energy Congress that will take place […]
Crescent Petroleum signs MOU to sponsor 24th World Energy Congress
Region’s first and largest private upstream exploration and production company signs on as Silver Sponsor Abu Dhabi, United Arab Emirates (UAE), 09 May 2019 – The UAE Organising Committee of the 24th World Energy Congress is pleased to announce the sponsorship of Crescent Petroleum, the first and largest private upstream exploration and production company in […]
Iraq could surpass Saudi Arabia in Oil Production
A senior oil executive has predicted that Iraq could surpass Saudi Arabia as an oil producer.
Addressing delegates at CWC‘s Iraq Petroleum conference in London, Majid Jafar (pictured), CEO of Sharjah-based Crescent Petroleum, said:
"Iraq is hugely underexplored. We at Crescent know of 300 structures just in the Western Desert that have yet to be drilled, so I for one believe that Iraq has a lot of potential, and I wouldn't be surprised if it becomes the largest producer in OPEC during my career."
Crescent Petroleum CEO Majid Jafar discusses oil prices and Middle East oil and gas on CNBC
Why Middle East gas will underpin economic growth in the region
For the past hundred years, Middle East energy has been synonymous with oil. But walk through the plenaries and halls of energy forums in the region these days, and the word you will hear most often is gas.
Crescent Petroleum CEO: The region embraces Iraq on economic and political side
Majid Jafar discusses the political spectrum in the GCC countries.
Crescent Petroleum recognised by Middle East Energy Awards 2019 in the “Upstream Project of the Year Award Category”
This year, the newly rebranded Middle East Energy Awards saw a record number of nominations. Those nominees were whittled down to shortlists representing some of the best achievements from the energy sector in the past year. Our esteemed panel of judges had the difficult task of selecting the winner and highly commended of each category, […]
Crescent Petroleum and Edraak partner to launch online career specialisation courses for Middle East youth
UAE – Crescent Petroleum, the first and largest private oil and gas company in the Middle East, has partnered with Edraak, Arab World’s leading platform for massive open online courses (MOOCs), to develop a series of open and free online career readiness courses to bridge the gap between the skills acquired during school or university […]
FOCP’s RFL UAE app: Making your steps count for yourself and for those fighting cancer
‘RFL UAE’ allows users to connect their personal wellness journey to FOCP’s objective to raise funds that will aid the treatment of cancer patients
Iraq’s Political Outlook
Joey Hood, principal deputy assistant secretary of state for Near Eastern affairs, and others discussed Iraq’s political outlook at the Atlantic Council in Washington, DC. They also weighed in on the current relations between the U.S. and Iraq under the Trump administration.
The fourth annual Atlantic Council Global Energy Forum Sustainability Week
3,000 unite to remember lives affected by cancer in Sharjah walkathon
Oil and gas industry officials tell of ‘climate backlash’
Signs are starting to emerge of a backlash against the oil and gas sector for its contribution to global warming, putting the industry at risk of being labeled the “new Big Tobacco,” according to prominent energy industry figures.
Iraqi oil-reserve potential ‘could exceed’ Saudi Arabia’s
Iraq’s oil reserves had the potential to exceed those of Saudi Arabia, a top Middle East energy company chief has told the region’s first SALT conference.
The Middle East isn’t meeting its potential: Crescent Petroleum
The Middle East needs to address policy issues such as how to encourage more private sector investment and innovation, Majid Jafar of Crescent Petroleum tells CNBC’s Hadley Gamble at the Atlantic Council Global Energy Forum. He also says Iraq’s fundamentals are “strong” despite turmoil in the country.
Crescent Petroleum implements key sustainability initiatives
Abu Dhabi, UAE :Crescent Petroleum, the oldest privately-held upstream oil and gas company in the Middle East has outlined a range of efforts aimed at ensuring a sustainable future for company and the region in the decades ahead. Crescent aims to further reduce its already low level of gas flaring from operations, and is implementing […]
To tackle climate change, developing countries have to get on board
With temperatures and sea levels rising, frequent bushfires and flooding around the world, the urgency to tackle climate change is clear. Which is why the failure of the Madrid COP25 summit last month was even more disappointing. Countries could not agree a more robust, international carbon trading system and funding for carbon reduction in the […]
Strategic Outlook: Middle East Economies
Middle East economies are estimated to have grown by 1% for 2019, a growth rate that is insufficient to dent unemployment, create shared prosperity and cement social cohesion. How can policy-makers respond to the aspirations of their youthful populations given the challenging geopolitics of the region?
Iraq ‘hopeful’ that US-Iran tensions have calmed down now, CEO says
Crescent Petroleum CEO Majid Jafar discusses Iraq’s position amid the geopolitical tensions between Iran and the U.S.
Full interview: CEO of Crescent Petroleum Majid Jafar | Full Interviews
Oil industry in Davos: torn between Greta and Trump
Oil majors are at the sharp end of the climate debate and face a bewildering balancing act to secure their futures. It’s a Catch-22 situation: to meet ambitious emissions targets by investing in low-carbon technologies, they will have to rely on revenue from expanding their businesses in oil and gas, for which there is still […]
Why Sharjah’s new gas find matters
Sharjah’s new discovery of natural gas and condensate – it’s biggest in more than three decades is a game changer in some respects for the emirate. The Mahani well, which was drilled by state-owned Sharjah National Oil Company (Snoc) and Italian major Eni, has tested gas at flow rates of 50 million standard cubic feet […]
Record turnout in UAE for Rare Disease Day
More than 1,500 people on Saturday walked in solidarity with families of determined ones at Dubai’s Meraas Kite Beach to mark Rare Disease Day, held annually on the last day of February. A rare disease is broadly defined as one that affects a small section of the population, such as fewer than 1 in 2,000 […]
SAP Powers Crescent Petroleum’s Digital Transformation Journey with SAP’s Oil and Gas Model Company on S4/HANA platform
Crescent Petroleum, the Middle East’s first and largest privately held oil and gas company, , has chosen SAP as a strategic partner to power its drive to improve efficiency across all processes, and progress a digital transformation strategy in coming years.
Leaders sign unique roadmap for stakeholder capitalism in the Middle East and North Africa
Is natural gas the MENA region’s ‘new oil’ following recent UAE discoveries?
Companies must empower young people for new world of work, Crescent CEO tells World Economic Forum
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 […]
Speech by OPEC Secretary-General to Crescent Ideas Forum hosted by CEO Majid Jafar
Crescent Petroleum donates $100,000 that enables EFE to reach our $1.8 million Catalyst Fund goal
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 […]
Crescent Petroleum CEO highlights role of natural gas in national energy strategies, post-COVID world
Natural gas will play a leading role in national energy strategies toward a lower carbon, post-COVID world, Crescent CEO tells Atlantic Council Forum
‘We must put young people at the heart of post-Pandemic recovery’: Crescent CEO tells World Economic Forum Davos Agenda Summit
Davos 2021: Delivering the Reskilling Revolution
How much oil and gas does the world still need?
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 […]
Dana Gas and Crescent Petroleum Resume Khor Mor Expansion Project
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 […]
Why young people must be at the heart of the COVID-19 recovery
Nearly 18 months since COVID-19 overturned the global economy, countries are gradually progressing towards recovery as mass vaccinations continue and companies begin planning a return to offices. The renewed optimism, however, is leaving out a whole generation of young people who find themselves unprepared for the new order and the changing economy that awaits them.
Kurdistan could be ‘major gas hub’: CEO
The Kurdistan Region could be a “major gas hub,” the CEO of Crescent Petroleum told Rudaw in a recent interview. His company has invested billions of dollars into the gas sector, which he believes will end electricity shortages and lessen the environmental impact from diesel-burning power generation stations...
UAE’s Crescent Petroleum Wins SAP MENA Quality Award for Digitally Transforming Oil and Gas Operations
Crescent Petroleum, the Middle East’s first and largest privately held oil and gas company, has won the SAP MENA Quality Award for its digital transformation across its operations in the UAE, Iraq, and the United Kingdom. Crescent Petroleum, partnering with SAP Services, has deployed more than 350 apps running on the SAP S/4HANA real-time business […]
SRTI Park holds ‘Energy & Innovation Leadership Talk’
The gathering of CEOs, managing directors and industry leaders was the first physical event for the MENA Energy Innovation Hub, that was recently launched by SRTI Park. Supported by the UAE Ministry of Energy and Infrastructure (MoEI)
Crescent Petroleum CEO on the Power 50 2021 List
$250 million (AED 917 million) financing agreement signed with U.S. International Development Finance Corporation for major expansion project in Kurdistan Region of Iraq
The $250 million financing agreement will support the Khor Mor expansion project. Total project cost of $630 million to increase production capacity by 50% to 690 million scf/day from April 2023 Sharjah, UAE — Pearl Petroleum Company Limited (“Pearl Petroleum”), the consortium led by Dana Gas and Crescent Petroleum of the UAE, has signed a […]
Energy industry needs to ensure accessibility while achieving net-zero goals, experts say
As the world looks to achieve Paris Agreement goals to reach net-zero emissions by mid-century, while meeting rising oil and gas demand, dialogue needs to be more “inclusive and broader”, Opec Secretary General Mohammad Barkindo told an online panel.
Crescent Petroleum reinforces sustainability efforts to achieve carbon neutrality
Crescent Petroleum, the oldest private oil and gas company in the Middle East, has become one of the first companies in the industry to achieve carbon neutrality across its operations after completing a series of projects to reduce carbon intensity and offset remaining emissions...
How do you achieve an equitable energy transition that includes developing economies?
When world leaders gather for the COP26 climate summit in Glasgow next month, expectations will be high for a definitive roadmap to reduce global carbon emissions...
Crescent Petroleum Achieves Carbon Neutrality Goals
Dana Gas & Crescent Petroleum achieve 50% gas production growth in KRI over past 3 years
Dana Gas, the Middle East’s leading publicly listed regional natural gas company, and its partner, Crescent Petroleum, the oldest private oil & gas company in the Middle East, have reported record sales gas production from their operations in the Kurdistan Region of Iraq (KRI), reaching 452 million cubic feet of gas per day (MMscf/d) at the end of 2021.
Majid Jafar, CEO Crescent Petroleum at Atlantic Council 2022 Global Energy Forum Opening Plenary
Energy security has become an overriding concern of 2022. Geopolitics has driven oil prices to 10-year highs and gas prices in Europe to record levels. Major Western economies – which last year focused almost exclusively on the energy transition – are pushing for increased domestic oil and gas production and are turning back to coal. Have energy security concerns derailed climate action? Is it possible to simultaneously focus on meeting short term demand while not losing sight of crucial net-zero goals? Are there solutions that can help solve both challenges?
Majid Jafar, CEO Crescent Petroleum addresses session on Kurdistan Region of Iraq at Atlantic Council 2022
Nearly fifteen years since the Kurdistan Regional Government (KRG) passed legislation setting the foundations for an independent oil and gas sector in the region, Iraqi Kurdistan has achieved great strides, producing half a million barrels of oil and half a billion cubic feet of gas daily. However, there is tension with the federal government in Baghdad over constitutional rights and power-sharing. As Erbil and Baghdad work toward a solution, a vibrant energy sector continues to make strides in bringing these significant resources to market, offering powerful lessons for the rest of the country and the wider region. Where does the Kurdistan Region of Iraq’s energy sector go from here?
Energy security and carbon transition not mutually exclusive, Dubai forum hears
Energy security and the green transition must go hand in hand if the world is to address the climate crisis, experts participating in a panel discussion at the World Government Summit in Dubai said on Monday.
Will energy security derail the energy transition?
CNBC’s Hadley Gamble hosts a panel discussion at the 2022 Atlantic Council Global Energy Forum in Dubai with speakers including the U.S. Department of State’s Deputy Assistant Secretary for Energy Transformation, Anna Shpitsberg, Siemens Energy Labor Director and Executive Board member...
Exclusive: Amid A Global Energy Crisis, Majid Jafar, CEO Of Crescent Petroleum, Reveals How He’s Futureproofing His UAE-Based Family Business
As the price of oil continues to fluctuate in the face of global market challenges, policymakers worldwide are taking the brunt of a dual crisis born of energy security and a creeping climate catastrophe.
Crescent Petroleum’s CEO: World Has Seen Chronic Underinvestment
Majid Jafar, CEO of Crescent Petroleum, discusses the UAE’s plans to ramp up oil production, the company’s outlook and the link between elevated oil prices and underinvestment.
Oil and gas firms warn against divestment
Majid Jafar: Gas to play a key role in carbon transition
Majid Jafar, CEO of Crescent Petroleum, discusses the role natural gas, a fossil fuel, is likely to play in the transition to renewable energy sources.
Majid Jafar on global energy crisis – Business Extra
Majid Jafar, the vice-chairman of Crescent Group and chief executive of Crescent Petroleum says a crisis is playing out “across the entire world and all forms of energy. And that’s never happened before”.
Energy transition across the developing world needs to be inclusive
The global factors affecting the carbon transition will have their biggest impact in the developing world, which many policymakers, activists and business leaders say will bear the biggest burden in tackling the effects of climate change despite having had negligible role in creating it.
Majid Jafar: Oil shortages a real possibility
Launching the MENAP Economic Integration Barometer at Davos 2023
Between Liquidity and Fragility: Reforming in MENA
Crescent Petroleum signs three contracts to develop oil and gas fields in Diyala and Basra
Development will unlock the resources of Gilabat-Qumar and Khashim Ahmer-Injana gas fields in Diyala Province, and the Khider Al-Mai block in Basra Province. Projects will supply much needed gas for nearby power generation and industry Crescent Petroleum, the Middle East’s oldest privately-owned upstream oil and gas company, has signed three twenty-year agreements with Iraq’s Ministry […]
UAE’s Crescent Petroleum signs agreements to develop Iraqi oil and gas fields
[Video] – Crescent Petroleum signs three contracts to develop oil and gas fields in Diyala and Basra
[Video] – Reimagining a way forward: Iraq’s economy and energy sector in the post-invasion era
Majid Jafar tells the BBC the UAE is the perfect place to bring together the devolping world with the developed world for COP28
Crescent Petroleum and Edraak launch Career Compass Pathway Seeking to Empower 1 million Young People With Skills to Find Jobs and Succeed
Crescent Petroleum, the oldest and largest privately held oil and gas company in the Middle East, has expanded its partnership with Edraak, the Arab World's leading nonprofit platform for online skilling and training, to launch the Career Compass Pathway aimed at helping up to 1 million young people to find better jobs and prepare for a new world of work.
OPEC seminar on the future of energy starts in Vienna
Majid Jafar, the CEO of Crescent Petroleum, joins CNN’s Julia Chatterley
Developing countries are the most important in efforts to tackle climate change, Crescent Petroleum CEO tells OPEC Seminar
Current climate policies are alienating developing countries who are the key to addressing the climate challenge, Majid Jafar tells senior leaders from the oil and gas industry. The UAE as host of COP28 is uniquely prepared to bridge the North-South divide Majid Jafar: “The carbon transition needs developing countries to have access to lower carbon […]
Crescent: Kurdish Gas Expansion Back on Track
Majid Jafar, CEO of Sharjah-based Crescent Petroleum says the Pearl consortium now expects first gas from an expansion of production capacity at the Khor Mor gas field in Iraqi Kurdistan by the second quarter of next year.
How we can end the alienation of developing nations when it comes to climate policies
Climate policies must be revised to end the alienation of developing nations and give them the representation and support they deserve.
Iraq, UAE’s Crescent launch deals to develop three oil and gas fields
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.
Iraq and UAE’s Crescent Petroleum activate deals to develop oil and gasfields
Iraq’s natural gas push will help ‘bring down’ carbon emissions
Crescent Petroleum reduces carbon intensity and sustains carbon neutrality in UAE Year of Sustainability
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 […]
[Video] – Majid Jafar Live from COP28 on the importance of including the Global South
[Video] – Blaming oil and gas producers for climate change is like blaming farmers for obesity: CEO
Powering a just energy transition — why natural gas is key
COP28 demonstrated that inclusivity is central to a just energy transition
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 CEO highlights golden era of growth in GCC economies at World Economic Forum
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.
EXCLUSIVE INTERVIEW with Crescent Petroleum CEO Majid Jafar about the energy transition
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
UAE’s Crescent Petroleum Fuels Strategic Growth with Extension of SAP Deployment
1.1 million young Arabs complete course to prepare for better careers
Prime Minister Mohammed Shia Al-Sudani Chairs a Meeting with Representatives of Crescent Petroleum
Prime Minister Mohammed Shia Al-Sudani chaired a meeting with representatives of Crescent Petroleum, in the presence of the Ministers of Oil and Electricity. During the meeting, the government’s plans to proceed with gas investment in partnership with the private sector were discussed. His Excellency directed the Ministry of Electricity to move forward with contracting Crescent […]
Crescent Petroleum and Dana Gas reach 500 MMboe cumulative production from Khor Mor field, announce major growth and development plans
KM-250 expansion project accelerates for completion and commencement by Q1 2026, to boost capacity over 50%. Partners approve $160 million fast-track appraisal and initial development of Chemchemal field plus pursue additional appraisal program to unlock Khor Mor field further hydrocarbon potential. Pursuing various funding options including fixed-income opportunities which may result in a new senior […]
Crescent Petroleum completes first phase of seismic exploration campaign of the Khashim al Ahmer field in Diyala
Milestone sets stage for appraisal drilling and full-field 3D seismic to prove-up reserves of the massive non-associated gas field Development of the project will create thousands of jobs in Diyala and elsewhere in Iraq, while reinforcing Iraq’s energy independence with a major new source of gas Al-Qadi: “Reaching this milestone in record time underscores the […]
A UAE E&P player boosting gas production in Iraq
Majid Jafar, CEO of Crescent Petroleum, talks to The Energy Year about the growing share of natural gas within the company’s energy portfolio and investing towards important expansion projects in Iraq and Egypt. Crescent Petroleum is an independent upstream oil and gas company headquartered in the UAE and with operations in various countries in the […]
Accounts Controller
The Global South Must Be Enabled To Develop Its Gas Resources
Emerging markets will have an outsize role in global energy markets in coming decades. MDBs and other financial institutions must enable them to develop their gas resources to grow economies and cut global carbon emissions, writes Majid Jafar*