KRG gas plant’s potential hangs on negotiations
The Khor Mor gas facility has powered Kurdistan's development, but its potential has been hampered by political and economic uncertainty, and its future hinges on ongoing contract talks.
An engineer at the Khor Mor LPG plant in Iraqi Kurdistan looks toward a flare in 2013. (JACOB RUSSEL/Metrography/Iraq Oil Report)
KHOR MOR - From a remote plateau on the southern fringes of Iraq's Sulaimaniya province, a consortium led by the Emirati companies Crescent Petroleum and Dana Gas (CPDG) has been producing the gas that has largely fueled the Kurdistan region's prosperity.
But five years after its completion, the plant has also become an emblem of how the euphoria driving the upstream sector in Kurdistan has been dampened by political and commercial uncertainty. Negotiations are ongoing to rebalance the contract so that the CPDG consortium can continue to invest; without such an agreement, Kurdistan's economic development could be stymied along with its gas sector.
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