In 2007, Dana Gas entered into an agreement with the Kurdistan Regional Government of Iraq for the appraisal and development of the Khor Mor and Chemchemal gas fields; two major gas fields in the region. Under the terms of the agreement, Crescent Petroleum and Dana Gas were given exclusive rights to appraise, develop, process, market, and sell petroleum from the substantial Khor Mor and Chemchemal blocks, and as a first phase to provide natural gas supplies to fuel two major domestic electric power generation plants being built in Erbil and Chemchemal, as well as for local industries and export.
Pearl Petroleum was founded in 2009 as the company assigned with the interests of its joint operators Dana Gas and Crescent Petroleum. Later that year, OMV of Austria and MOL of Hungary, two major European energy companies, each became 10% shareholders in Pearl Petroleum.
The consortium has more recently welcomed RWEST of Germany, who had also acquired a 10% share in the company in 2015.
This petrochemical is located in Asalouye in the south of Iran
The products of this petrochemical include:
Ethylene, ethane, glycols (mono ethylene glycol, diethylene glycol, trimethylene glycol), carbon dioxide
C3T, CO2
