Browse
related articles
Crescent Petroleum to expand into Iraq, Libya, Lebanon
- United Arab Emirates: Wednesday, November 14 - 2012 at 05:05
Sharjah-based Crescent Petroleum is set to expand into the Iraqi oil and gas sector and debut into Libya and Lebanon, Reuters has reported. "We are looking at entering Libya with the right opportunity. Other countries like Lebanon, despite plans being delayed, have been setting up regulations bodies in preparation. It's an area of potential interest," Crescent chief executive Majid Jafar said. The company plans to expand investment and production in Kurdistan and into other areas in Iraq given the country's under-explored state, he said. "There are only 2000-3000 wells drilled in the whole of Iraq so far compared to ten times as many in Saudi and 1 million wells in Texas alone," Jafar said.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
