Dana Gas has reported a net profit of AED 270 million ($74 million) for Q1 2026, a 72% year-on-year increase.
Regarding operation in the Kurdistan Region of Iraq (KRI), the company said:
“Following the completion of the KM250 expansion, the Company successfully demonstrated enhanced system capacity, with gas production exceeding 700 MMscf/d in January. This contributed an additional 15,000 boepd to the Company’s net production in the KRI, bringing total Group production to 70,000 boepd, the highest level since 2018.
“At the end of February, operations at the Khor Mor facility were temporarily suspended and subsequently resumed in March at reduced capacity in response to the evolving regional security landscape. Despite these challenges, the Company responded swiftly, maintaining production levels that remained resilient relative to peers in the KRI, while continuing to reliably supply customers.
“Dana Gas and its partners continue to advance the Chemchemal development project, supported by a $160 million investment programme. To secure demand from the field and diversify the customer base, Gas Sales Agreements were signed in January 2026 to supply up to 142 MMscf/d to industrial customers …
“KRI production averaged 40,100 boepd, compared to 41,400 boepd in Q1 2025, reflecting reduced operational capacity at the Khor Mor facility during March due to the regional security
situation.“
(Source: Dana Gas)
