Crescent Petroleum announces more than $ 3 billion in investment in Iraq
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Economy News - Baghdad:
Majid Jaafar, CEO of the UAE-based Crescent Petroleum, said on Tuesday that the company is investing more than $ 3 billion in Iraq .
He added during a meeting in a conference in Abu Dhabi, "We have invested more than three billion dollars in Iraq over the past ten years, and this rate is increasing ."
In March, a consortium led by Crescent Petroleum and Dana Gas entered into a twenty-year gas sales agreement with the Kurdistan Region of Iraq.