Dana Gas, a UAE-based natural gas company with significant operations in the Kurdistan Region, reported $112 million in net profits for the first nine months of 2024. Although daily production rose by 3% to meet increased demand from local power generation stations, the company saw an 11.3% decline in profits compared to the same period last year. This reduction was attributed to lower prices and reduced volumes of liquefied petroleum gas (LPG) and other hydrocarbon products.

The company's daily output now stands at 38,200 barrels, a reflection of rising gas demand in the Kurdistan Region. As part of its ongoing commitment to meet regional energy needs, Dana Gas, in collaboration with its partners in the Pearl Petroleum consortium, has announced plans to begin development of the KM250 gas field in the Khor Mor area. This expansion is intended to enhance local energy supply, supporting infrastructure growth and power generation.

Founded in 2005 and publicly listed on the Abu Dhabi Securities Exchange, Dana Gas operates in the UAE, Egypt, and the Kurdistan Region, where its contributions play a key role in energy production and infrastructure development.