bARABie – Hard Hitting Facts

April 15, 2007

Dana signs gas deal with Kurds

Filed under: Uncategorized — barabie @ 7:07 pm

Nechirvan Barzani: The Kurdistan region
is in urgent need of natural gas

The UAE’s Dana Gas has signed an agreement with Iraq’s Kurdish regional government to evaluate development of the region’s gas reserves, becoming the first Arab company involved in the Iraqi energy sector.

The deal, initially worth $400m, could lead to the semi-autonomous region in northern Iraq exporting gas to neighbouring countries.

Dana Gas and the government will draw up plans for a large gas-fed industrial complex, to be named Kurdistan Gas City, which may include petrochemical, metals and other heavy industry plants, officials said on Sunday.

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