Formed just seven years ago, his Crescent Enterprises subsidiaries employ over 6,000 people and are on course to being highly profitable. But the young Emirati insists profits are just part of the plan...
As the most prolific hydrocarbon region in the world, the Middle East has long been attempting to add value to its most vital exports. With Saudi Arabia spending vast amounts in developing its petrochemicals industry, one firm, in particular, is looking at...
A prominent local executive has issued a call to the GCC gas market to liberalise, or face a failure to fully capitalise on its gigantic hydrocarbon reserves. 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...
In 1969, two years before the Trucial States joined to form the United Arab Emirates, and predating the era when National Oil Companies shot to the fore of the regional oil and gas industry, Sharjah-based Crescent Petroleum marked itself out as a first-mover and incorporated itself as the region’s earliest indigenous, private energy company.
A UAE-based company, 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 in mid-stream and downstream petrochemical and associated industries, a top official said.
Sharjah: Dana Gas, the Sharjah-based energy exploration and development company, on Tuesday said it will develop the Egypt Gas City jointly with the Egyptian government.
Dana Gas PJSC, the Middle East’s first and largest regional private-sector natural gas company, and Crescent Petroleum, the Region’s oldest private exploration and production company, are pleased to announce strategic partnership agreements with OMV, Austria's largest listed industrial company and a leading Central European integrated oil and gas group, and MOL Hungarian Oil and Gas Company...
Joint venture by Dana Gas and Crescent Petroleum to generate investments of over 40 billion US dollars
Erbil, Kurdistan – Iraq (KRG.org) - The Kurdistan Regional Government (KRG) announced today that a 461 million square foot site for the Kurdistan Gas City has been designated
