SULAIMANI, Kurdistan Region – Dana Gas, the Middle East’s largest private sector natural gas firm, announced a 13% increase in net profit for Q1 2025, reaching $43 million, driven in part by robust production in the Kurdistan Region.
In a report, the company says its operations in KRI remained a cornerstone of its performance, with daily gas production from the Khor Mor gas field in Sulaimani’s Chamchamal district hitting 525 million standard cubic feet — a 75% increase since 2017.
Dana Gas noted that the field now supports over 75% of the Kurdistan Region’s electricity generation. Despite a temporary production dip in April due to planned maintenance, output in Q1 rose by 3% to 39,650 barrels of oil equivalent per day (boepd).
It also stated that progress on the KM250 expansion project, which will boost processing capacity by 50%, is ahead of schedule with first gas expected by Q1 2026. Meanwhile, Pearl Petroleum, a Dana Gas joint operator, has begun a $160 million investment in the Chemchamal field, one of Iraq’s largest undeveloped gas assets.
Though group-wide revenues dipped due to lower Egyptian output and global price pressures, Dana Gas emphasized the resilience of its KRI assets and reaffirmed its commitment to long-term investment in the Region’s energy infrastructure.