UNESCO and ICCROM (The International Centre for the Study of the Preservation and Restoration of Cultural Property) sign an agreement on capacity building for the reconstruction of Mosul’s cultural heritage.

ICCROM, through its Regional Conservation Office in Sharjah (UAE), will provide a two-year capacity building programme for professionals and craftspeople to contribute to the reconstruction of Mosul’s Old City.

This programme is possible thanks to the financial support of the Government of the United Arab Emirates and the European Union and is part of the UNESCO initiative to Revive the Spirit of Mosul.

This ICCROM-UNESCO partnership aims at strengthening the expertise of local young professionals and craftspeople in order to equip them with the required skills for the reconstruction and rehabilitation of the Old City and, as a result, ensure long-term livelihood opportunities.

The programme targets both young professionals from various disciplines such as architecture, engineering or urban planning, and craftspeople such as masons, carpenters, or stone carvers. Young professionals will be trained on heritage management and conservation, providing them with technical competencies needed to participate in the physical reconstruction of the city.

The programme will also prepare a number of skilled building craftspeople to contribute towards the long-term reconstruction needs of the Old City, taking into consideration the protection, revival and evolution of Mosul’s heritage values.

The capacity building programme will be implemented though a practical on-the-job training modality where trainees will actively participate in the reconstruction of the city’s historic landmarks and houses, and will receive a stipend.

The institutional capacity building scheme falls into the framework of the Revive the spirit of Mosul initiative, UNESCO’s response for the recovery of one of Iraq’s iconic cities. The initiative aims at contributing to community reconciliation and peace building through the recovery of the living environment and rehabilitation of the city’s heritage sites.

The initiative places special emphasis in empowering the population as agents of change involved in the process of rebuilding their city through culture and education. This partnership between UNESCO and ICCROM will reinforce local expertise that can participate in the reconstruction, ensuring both ownership and long-term livelihood opportunities for the people of Iraq.

This ICCROM-UNESCO partnership will specifically support the UAE funded project Reviving the Spirit of Mosul by rebuilding its historic landmarks namely the Al-Nouri Mosque and its Al-Hadba Minaret, as well as the Al-Tahera Church and Al-Saa’a Church and European Union funded project Reviving Mosul and Basra Old Cities.

(Source: UN)

Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, announced that in the first nine months of 2019 collections in Egypt, the UAE and from its share of Pearl Petroleum Company Limited‘s sales in the Kurdistan Region of Iraq (KRI), increased 16.7% year on year to $230 million (AED 844m).

Dana Gas, which owns a 35% stake in Pearl Petroleum, saw its share of sales of condensate, LPG and gas in the KRI jump 52% to $118 million in the nine-month period from $77 million in the same period the previous year.  Dana Gas received cash dividends of $68.3 million from Pearl Petroleum over this period.

Meanwhile, the collections from Dana Gas Egypt were $105 million during the period, in line with the $111 million received in the same period of 2018 whilst collections from the Company’s Zora gas field in the UAE stood at $7.3 million.

Dr Patrick Allman-Ward (pictured), CEO of Dana Gas, said:

“We are pleased to record higher collections over the first nine-months of the year in the Kurdistan Region of Iraq, due primarily to an increase in production and regular payments from the government. Our overall collections are higher at $230 million, and our strong in-country relationships have continued to benefit our overall business performance. We are committed to operating all our assets to maximise production and value for all our stakeholders.”

Pearl Petroleum is boosting production in the KRI, where 25% of the region’s power needs remain unmet and the demand for power is expected to outstrip supply in the medium and long-term. The consortium operates world-class gas fields in the KRI and currently enables the power generation of three quarters of the area’s official electricity production.

It signed a 20-year gas sale agreement with the KRG earlier this year that will facilitate the production and sale of an additional 250 MMscf/d of gas. Pearl Petroleum’s expansion plan will see output increase to 650 MMscf/d in 2022, and then to 900 MMscf/d by 2023 from the current 400 MMscf/d.

Dana Gas’s share of the proved plus probable (2P) hydrocarbon reserves at Pearl Petroleum Khor Mor and Chemchemal Fields in the KRI increased by 10% following the recent certification of reserves by its independent external reserves auditor, Gaffney Cline Associates. Dana Gas’s total share is equivalent to 1,087 million barrels of oil equivalent, up from 990 million barrels of oil equivalent when Gaffney Cline first certified the fields in April 2016.

By 2040, natural gas demand in the Middle East and North Africa region is expected to grow 40% and oil demand will increase by 10 million barrels a day, according to industry estimates. To help meet that increase in energy demand, projects valued at $238 billion are being executed in the next 20 years.

(Source: Dana Gas)

On 20th October, a handover ceremony was held at Albwardy Damen, in Sharjah, UAE, marking Damen’s delivery of thirteen tugs to Jawar Al Khaleej Shipping.

The tugs will be operated at various offshore terminals in Iraq, in a joint cooperation between Jawar Al Khaleej Shipping and General Company for Ports of Iraq (GCPI). The contract for the order was signed end of March 2019. Damen has delivered all the vessels within a seven month period.

The thirteen-vessel order consisted of four ASD Tugs 2813, two ASD Tugs 3212, three RSD Tugs 2513 – all state-of-the-art vessels from Damen’s Next Generation Tugs series – three Stan Tugs 2208 and a Shoalbuster 2609. The ASD tugs are fully equipped, including FiFi 1 and an escort towing notation.  Furthermore, the contract includes spare part packages, training, a computerised planned maintenance system and a remote monitoring system on board of all tugs.

The vessel order will serve to fulfil a 20 year contract between Jawar Al Khaleej Shipping and GCPI. The contract gives Jawar Al Khaleej Shipping responsibility for marine service at the oil terminals.

With this agreement, the two parties will secure Iraq’s ability to handle the constant flow of tankers entering and leaving the country.

Jawar Al Khaleej has been successfully providing marine services in Iraq for the last ten years, and has a modern fleet of a Damen Stan Tugs, three Damen ASD Tugs 3213 and a Fast Crew Supplier 5009.

Jawar Al Khaleej chairman Eng. Baydaq Al Jazaeri, speaking during his speech at the handover ceremony, said:

This Mission was not an easy one, it was a great challenge. However, we had a big confidence in our partner in business, Damen, who met and exceeded our expectations in making it happen despite all challenges.

“I would like to thank all the Damen team and a special thanks to Mr Bram Langeveld area director Middle East and Mr Pascal Slingerland Damen sales director Middle East for their continuous support and follow-up. Jawar is grateful to GCPI for their confidence in us for such a big contract, which is related to the economy of a big country such as Iraq.

Pascal Slingerland, Damen sales director Middle East, added:

It has been an honour to extend our long lasting relationship with Jawar Al Khaleej Shipping and to support Jawar in this prestigious contract with GCPI. On behalf of Damen I congratulate both parties on their cooperation and on the delivery of their new tugs.

“This delivery includes some of the most state-of-the-art tug technology on the market, including cutting edge innovations in safety, design and remote monitoring. We have every confidence that these thoroughly fit for purpose tugs will meet the offshore terminal requirements and enables save and reliable operation.

(Source: Damen)

By Padraig O’Hannelly.

A senior oil executive has predicted that Iraq could surpass Saudi Arabia as an oil producer.

Addressing delegates at CWC‘s Iraq Petroleum conference in London, Majid Jafar (pictured), CEO of Sharjah-based Crescent Petroleum, said:

“Iraq is hugely underexplored. We at Crescent know of 300 structures just in the Western Desert that have yet to be drilled, so I for one believe that Iraq has a lot of potential, and I wouldn’t be surprised if it becomes the largest producer in OPEC during my career.”

Crescent Petroleum has an interest in the Khor Mor field in the Kurdistan Region of Iraq, and has signed initial contracts to develop the oil fields of Gilabat-Qumar (in Diyala), Khashim Ahmer-Injana (in Diyala), and Khudher Al-Mai [Khider al-Mai] (in Basra and Muthana).

By John Lee.

The Iraq Britain Business Council (IBBC) has welcomed four new members, bringing its membership to 71 companies:

Crescent Petroleum: Sharjah-based Crescent Petroleum is the only foreign oil and gas company to maintain a continuous presence in Iraq for three decades, and is the largest private oil and gas investor in the Kurdistan Region of Iraq.

Sardar Trading Agencies (STA): One of the core companies of Sardar Group, with more than 50 years of experience in the Iraqi private business field, mainly in the automotive segment.

Stirling Education: The Luxembourg-based company is committed to providing excellent affordable education and pastoral care for students in Iraq. Across Iraq, they have around 17,000 students, 42 schools and two university campuses.

Tube Tech International: UK-based Tube Tech is a world leader in the removal of fouling from refinery, petrochemical and energy process assets.

(Source: IBBC)

By John Lee.

Sharjah-based Dana Gas has announces that during Q1 2019, Pearl Petroleum has received $112 million (AED 411mm) from the sale of condensate, LPG and gas in the Kurdistan Region of Iraq (KRI).

Dana Gas is a 35% shareholder in Pearl Petroleum and accordingly, its share of such receipts by Pearl Petroleum is $39 million (AED 143mm).

This presents a 117% increase compared to the Company’s Q1 2018 share of collections which stood at $18 million. As of today, Pearl Petroleum has no overdue receivables in the KRI.

Dr Patrick Allman-Ward, CEO of Dana Gas, said:

“We have had a very positive start to year in the KRI. Our debottlenecking project which we completed in October 2018 has increased our production output by 30% to 400 MMscf/d. We have begun to see the impact of the additional production on our Q1 collection, which has doubled.”

In February of this year, Pearl Petroleum signed a new 20-year Gas Sales Agreement (GSA) with the Kurdistan Regional Government (KRG) to enable production and sales of an additional 250 MMscf/d. The Consortium aims to bring this production on-stream by 2021 as part of their expansion plans to raise output from the current 400 MMscf/day to 650 MMscf/day in 2021, and then to 900 MMscf/day by 2022.

(Source: Dana Gas)

By John Lee.

Sharjah-based Dana Gas has announced that its average production for Q1 2019 has increased by 6% year-on-year to 68,700 boepd from 65,000 boepd in Q1 2018.

The first quarter production increase was led by the Kurdistan Region of Iraq (KRI), which leapt to 32,750 boepd in Q1 2019 from 26,300 boepd in Q1 2018.

This increase was principally due to additional production from the completed debottlenecking project that came on-stream in October 2018 and took gas production in the KRI from 300 MMscf/d to 400 MMscf/d, an increase of over 30%.

On a quarter by quarter comparison, Q1 2019 production grew by 5% from Q4 2018, reflecting the increase in production from the KRI and supported by having brought the Balsam-8 well in Egypt on-stream in Q4.

Dr Patrick Allman-Ward, CEO, Dana Gas, said:

The two major growth projects completed in 2018 – the debottlenecking project in the KRI and the Balsam-8 well in Egypt – have proven to be materially value accretive both operationally and financially. 

“Our production numbers are up 6% in the first quarter 2019 and we expect this increase in production to have a positive impact on the Company’s revenues since we are now realising gas sales in the KRI and we will be benefiting from the steady increase in oil prices since Q4 2018.

(Source: Dana Gas)

Dana Gas PJSC, the Middle East’s largest regional private sector natural gas company, announces that as a result of the ramp up of production from its debottlenecking project in the Kurdistan region of Iraq, its group production reached 70,000 barrels of oil per day (boepd) on the 19 November and has since been sustained above that level.

The Company’s principal operations are in the Kurdistan Region of Iraq (KRI) and Egypt, where the drilling of the Balsam-8 well has also led to a sharp increase in overall production. Current group production, in excess of 70,000 boepd, represents a significant increase compared to the Company’s 9M 2018 average of 62,250 boepd.

Dr Patrick Allman-Ward, CEO, Dana Gas, said:

“Production in excess of 70,000 barrels oil equivalent per day is a great achievement for Dana Gas. At the start of the year, we planned a drilling programme in Egypt and a debottlenecking project in the KRI that would significantly increase production. We have successfully delivered both projects. The increase in production will help offset the lower realised hydrocarbon prices that have impacted the oil industry in the last quarter and support growth in our revenue and net profit figures for the full year 2018 and beyond.

“We remain excited about the long-term future of our world-class assets in the KRI. Further investment is underway to double current production to 900 MMscf/d over the coming three years, together with an increase in condensate to 36,000 bpd and LPG to 1200 MTpd.”

In the fourth quarter 2018, Dana Gas Egypt completed the drilling of the Balsam-8 well and tied it in to the network. The well was completed ahead of schedule and under budget, adding over 5,000 boepd to the Company’s output.

In the KRI, the Company announced a 30% increase in production capacity at the Khor Mor field (pictured), which it jointly operates on behalf of Pearl Petroleum. The expansion of the gas processing plant consisted of a series of plant additions and modifications to de-bottleneck throughput, raising output capacity from 305 MMscf/d of natural gas to 400 MMscf/d, with over 15,000 barrels per day of condensate. This is expected to add up to $50 million annually to the top line without incurring any additional operational costs.

The Company recently posted a strong set of quarterly financial results. 9M 2018 revenue increased 6% to $351 million (AED1,287 mm) from $330 million (AED1,210 mm) over the same period last year and 9M 2018 net profit was $41 million (AED149 mm) versus a net loss of $6 million (AED22 mm) in 9M 2017, excluding one-off items.

(Source: Dana Gas)

Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier (LCC), has announced the launch of non-stop service to the city of Sulaymaniyah in the north of Iraq.

The new service from the carrier’s primary hub in Sharjah marks Air Arabia’s fourth destination in Iraq and 152 worldwide. From November 6, 2018, Air Arabia will offer two weekly flights to Sulaimaniyah, making it convenient for passengers travelling between both cities.

Offering convenient timings, the three-hour flight will operate twice per week, on Tuesdays and Fridays.

The outbound flight on Tuesday’s will depart from Sharjah International Airport (SHJ) at 05:00 and land in Sulaimaniyah International Airport (ISU) at 06:55 local time. The return flight will leave Sulaimaniyah at 07:35 and land in Sharjah at 11:05 local time.

On Fridays, the flight will depart from Sharjah International Airport (SHJ) at 15:00 and land in Sulaimaniyah International Airport (ISU) at 16:55 local time. The return flight will leave Sulaimaniyah at 17:35 and land in Sharjah at 21:05 local time.

Adel Al Ali, Group Chief Executive Officer, Air Arabia, said:

“We are pleased to launch this new service to Sulaimaniyah, our fourth destination in Iraq, after Baghdad, Najaf and Erbil. We continuously seek ways to enhance airline connectivity with Iraq, given the growth in business ties between the two nations. The additional route is a testament to Air Arabia’s commitment to providing affordable air travel to our growing customer base.”

(Source: Air Arabia)

By John Lee.

Dana Gas has said it has received $43.8 million in dividends from Pearl Petroleum Company Limited for condensate and LPG sales in the Kurdistan Region of Iraq (KRI) in the first half of 2018, including a $7 million payment for the month of June.

The company added that the capacity to process gas and condensate from the Khor Mor field (pictured) will increase by 580 MMscf/d and 20 mbbld, respectively, with the expansion programme is on track to deliver an increase in output of 80 MMscf/d by Q3 2018.

(Sources: Rudaw, Mubasher)