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Dana Gas Reports 47% Increase in Net Profit
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Iraq Business News
Dana Gas has reported a net profit of AED 393 million ($107 million) for H1 2026, a 47% year-on-year increase.
During the period, regional security-related disruption led to intermittent suspensions and reduced operations at Khor Mor.
"Following renewed regional escalation in July, after the reporting period, Dana Gas implemented short-term precautionary measures at Khor Mor.
"Following the reporting period, gas supplies commenced to Iraq's Ministry of Electricity from the Khor Mor gas processing facility.
Under the agreement, 100 MMscf/d of gas will be supplied to the Kirkuk Taza power station for an initial term of one year.