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Sharjah energy company Crescent Petroleum has signed three 20-year agreements to develop oil and gas fields in Iraq, as the country seeks international collaboration to boost its energy supply. The company will produce gas in two oil and gas blocks in the northern Diyala province and explore a third block in Basra. These operations are expected to increase local economic development within Iraq.

UAE’s Crescent Petroleum signs agreements to develop Iraqi oil and gas fields

Sharjah energy company Crescent Petroleum has signed three 20-year agreements to develop oil and gas fields in Iraq, as the country seeks international collaboration to boost its energy supply. The company will produce gas in two oil and gas blocks in the northern Diyala province and explore a third block in Basra. These operations are expected to increase local economic development within Iraq.

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