PEARL PETROLEUM CO. LTD.


In 2007, Dana Gas entered into agreement with the Kurdistan Regional Government of Iraq for the appraisal and development of the Khor Mor and Chemchemal gas fields; two major gas fields in the region. Under the terms of the agreement, Crescent Petroleum and Dana Gas were given exclusive rights to appraise, develop, process, market and sell petroleum from the substantial Khor Mor and Chemchemal blocks, and as a first phase to provide natural gas supplies to fuel two major domestic electric power generation plants being built in Erbil and Chemchemal, as well as for local industries and export.



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