Financial Times: Gas: Plans develop to raise foreign sales

In 1958, Majid Jafar’s grandfather, then the Iraqi development minister, opened two hydroelectric dams in the mountains of Iraqi Kurdistan.

Until a joint venture between the Jafar family’s Crescent Petroleum and its affiliate Dana Gas started to produce Kurdish gas in 2008, there had been no new power-generation facility in the northern region of Iraq for 50 years.

“Baghdad made Kurdistan dependent on the rest of Iraq for its power – it could soon be the other way round,” says Mr Jafar, chief executive of Crescent and a director of Abu Dhabi-listed Dana Gas, in which Crescent holds a 22 per cent stake.  MORE