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Crescent Petroleum and Dana Gas boost Khor Mor gas capacity by 50% with early completion of KM250 Project

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  • Drilling, construction and commissioning completed eight months ahead of schedule

  • Project adds 250 MMscf/d of new gas processing capacity, raising Khor Mor’s total capacity to 750 MMscf/d

  • Total project investment of US$1.1bn

  • Expansion expected to significantly enhance revenue and support electricity generation across Iraq

  • Over 6,000 tonnes of steel and 6.2 million man-hours delivered, marking one of the largest private energy infrastructure builds in Iraq in recent year

Sharjah, UAE, 16th October 2025, Crescent Petroleum, the region’s oldest private upstream oil and gas company, and Dana Gas PJSC, the Middle East’s leading private sector and publicly-listed natural gas company, today announced the start of commercial gas sales from the KM250 gas expansion project (“KM250”) at the Khor Mor facility in the Kurdistan Region of Iraq (KRI).

Majid Jafar

Delivered eight months ahead of the revised schedule, the KM250 will add 250 million standard cubic feet per day (MMscf/d) of new processing capacity, a 50% increase, boosting Khor Mor’s total output to 750 MMscf/d. The additional capacity will help meet Iraq’s rapidly growing power demand by delivering significant new volumes of clean-burning natural gas.

The expansion will bolster power generation and support industrial growth across the KRI, underpinning the KRG’s Runaki initiative to deliver 24-hour electricity, while improving supply to other regions of Iraq.

The $1.1 billion project was backed by financing from the Bank of Sharjah, the US Development Finance Corporation (DFC), and proceeds from Pearl Petroleum’s $350 million senior secured bond issued in 2024 and listed on Nordic Alternative Bond Market. At its peak, the project employed over 10,000 people and involved the delivery of more than 6,000 tonnes of steel and 6.2 million man-hours, making it one of the largest private-sector infrastructure builds in Iraq in recent years.

Majid Jafar, CEO of Crescent Petroleum and Board Managing Director of Dana Gas, said: “Delivering KM250 ahead of schedule marks a significant achievement for Crescent Petroleum, Dana Gas, and our Pearl Consortium partners. This accomplishment highlights our ongoing dedication to the Kurdistan Region of Iraq, demonstrates our capacity to unlock its vast energy resources, and reinforces our commitment to generating jobs, enhancing local services, and providing cleaner, more reliable energy for the Region and the Country.”

“I am especially grateful for the strong support of the KRG and local authorities, whose cooperation helped us overcome challenges and sustain momentum throughout the project. I would also like to recognise the outstanding leadership of Richard Hall, CEO of Dana Gas, who navigated the complex dynamics and guided the project to successful completion eight months ahead of schedule.”

Richard Hall, CEO, Dana Gas, said: “Completing KM250 early is a huge milestone for Dana Gas and reflects the hands-on approach we brought to the project in the absence of the main contractor. By assuming operational oversight, Dana Gas and Crescent Petroleum were able to focus delivery, resolve issues quickly, and restore momentum – yielding real results on the ground.

“The additional capacity strengthens our production profile and is expected to deliver substantial annual revenue for Dana Gas. It also supports our mission to deliver stable, cleaner energy to KRI communities, reduce diesel dependence and advance the region’s ambition for 24-hour electrification.”

KM250 Project Overview

The gas from KM250 will serve growing  power demand in the KRI and the rest of Iraq. The plant will also produce 7,000 barrels per day of condensate and 460 tonnes per day of LPG, supplementing existing output of 15,200 bbl/d and 1,070 t/d respectively.

The facility incorporates state-of-the-art technology, including AI monitoring tools, high-efficiency compressors, and modern processes for sulphur and contaminant removal. These upgrades will boost efficiency and reduce environmental impact.

In 2024, Dana Gas and Crescent Petroleum assumed operational control of KM250, working in collaborating with Havatec—the project’s sub-contractor—and other partners. By implementing accelerated project delivery strategies and resetting project timelines, they successfully achieved early commissioning and gas sales.

KM250 has proven both companies’ capabilities in delivering complex natural gas infrastructure. The learnings and systems developed from this project will inform future developments across the region.

With KM250 operational, focus now shifts to the next phase: further appraisal and expansion of the Khor Mor field, and continued progress at Chemchemal to unlock additional gas resources for the region and the country.

Pearl Petroleum

Pearl Petroleum was established in 2009 as a consortium, with Dana Gas and Crescent Petroleum serving as joint operators and each holding a 35% equity stake. OMV, MOL, and RWE later joined the partnership, each acquiring a 10% share. Today, Pearl Petroleum supplies natural gas to four power plants across the KRI, meeting over 80% of the region’s power needs and serving more than six million people.

With 85% national employment and over 20,000 direct and indirect jobs created, Pearl has made a significant contribution to the KRI economy. Clean-burning natural gas from Khor Mor has helped avoid more than 59 million tonnes of CO2 emissions by replacing oil and diesel with natural gas. Pearl Petroleum has also enabled billions of dollars in fuel cost savings for the host government, while driving regional economic growth.

Pearl Petroleum remains committed to maintaining carbon neutrality having reduced total GHG emissions by over 20% in 2024 to 200 kTCO2e, while reducing overall energy consumption by 5%, bringing its total carbon intensity to 4.4kg CO2/Boe. This is among the lowest in the industry, supplemented by offsets of the remaining emissions to effect carbon neutrality.

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Press Release

Shreyas Media Announces Nationwide Carnival Series After Guinness Record-Breaking Vijayawada Utsav

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October 17, 2025

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Shreyas Media Founder Gandra Srinivas Rao says the Guinness World Record-winning success of Vijayawada Utsav proves every city’s potential to host grand carnivals, as the company plans year-round celebrations across Andhra Pradesh featuring international artists.

Shreyas Media LLP has announced plans to launch a series of grand carnivals across India, inspired by the unprecedented success of Vijayawada Utsav—a record-breaking event that entered the Guinness World Records as the world’s largest carnival. Following the overwhelming public response, the company aims to celebrate India’s rich cultural diversity by bringing similar large-scale events to various states throughout the year.

The Vijayawada Utsav, organized in association with the Society for Vibrant Vijayawada and Andhra Pradesh Tourism, transformed the city into a festival hub from September 22 for 11 days. The event featured 284 performances by over 3,000 artists, 11 concerts, and 11 drone shows—an unprecedented celebration that drew nearly 50 lakh visitors and generated an estimated ₹1,000 crore in local business.

Buoyed by this success, Shreyas Media plans to replicate the carnival model across India, celebrating regional festivals such as Bihu, Onam, Ganesh Chaturthi, Pongal, Lohri, Durga Puja, and Sankranti with grandeur. The company will also host year-round celebrations at tourist hotspots like Araku and Gandikota in Andhra Pradesh, including 30 major concerts and a large-scale Araku Coffee Festival featuring international artists.

“Our success with Vijayawada Utsav has proven that every city in India holds the potential to become a vibrant carnival destination,” said Gandra Srinivas Rao, Founder of Shreyas Media. “Through these celebrations, we aim to unite people from across India and abroad on a single platform of culture and joy, while giving a significant boost to local economies and creating thousands of employment opportunities. We have set a target of achieving ₹5,000 crore in business through the Vijayawada Utsav in the next five years.”

He added that Andhra Pradesh Chief Minister Nara Chandrababu Naidu appreciated the event for placing Vijayawada on the global tourism map. Rao also acknowledged the efforts of Vijayawada MP Kesineni Shivanath (Chinni) and the Society for Vibrant Vijayawada in making the event a resounding success.

Having previously executed over 3,500 promotional and cultural events across India, the USA, Canada, and the UAE, Shreyas Media is now poised to establish a new legacy in India’s entertainment and cultural tourism landscape through its upcoming carnival series.

About Shreyas Media LLP
Shreyas Media LLP is India’s leading event management and entertainment company, renowned for organizing large-scale promotional, cultural, and public events across India and abroad. With over 3,500 successful events and a Guinness World Record to its credit, the company continues to redefine the landscape of experiential entertainment.

 

Media Contact

Organization: Shreyas Media LLP

Contact Person: Gandra Srinivas Rao

Website: https://shreyasgroup.net

Email:
Srinivas@shreyasgroup.net

City: Hyderabad

State: Telangana

Country:India

Release id:35620

The post Shreyas Media Announces Nationwide Carnival Series After Guinness Record-Breaking Vijayawada Utsav appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

Baddie Marks the Beginning of a Global Expansion by ForYouGaming Inc

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6 hours ago

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October 17, 2025

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After the success of Baddie.nl, one of the most-played online games in the Netherlands, the founders announce ForYouGaming Inc., a new U.S.-based parent company created to scale the brand internationally. The company’s first major move is the upcoming launch of Baddie.com, a global version of the popular lifestyle game that blends humor, social dynamics, and competition.

Baddie.com Marks the Beginning of a Global Expansion by ForYouGaming Inc.

Following the success of Baddie.nl, one of the most-played online games in the Netherlands, the creators announce the launch of ForYouGaming Inc., a new U.S.-based parent company formed to lead the brand’s international expansion.

The first major step in that strategy is the upcoming launch of Baddie.com — a global version of the hit web game that blends lifestyle, humor, and competition into one addictive experience.

ForYouGaming CEO, Stefan Gaasbeek: “Baddie.nl showed us what’s possible. Players connected, competed, and built entire online communities. With Baddie.com, we’re taking that energy worldwide — this is just the start.”

From Local Hit to Global Brand

Originally launched in the Netherlands, Baddie.nl quickly evolved into a cultural phenomenon — a game where players build influence, form alliances, and rise through a virtual social world inspired by modern pop culture.

The upcoming Baddie.com is purpose-built for the U.S. — reworked to match American culture and vibe, with a refreshed interface, new characters, and storylines tailored to U.S. audiences. It will be accessible across web, iOS, and Android.

Goal: turn Baddie into a global entertainment brand — with an American-first launch.
 

ForYouGaming Inc.: A New Global Structure

ForYouGaming Inc. was created to centralize and scale multiple titles under one global gaming structure. The company’s mission is to develop, publish, and grow web-based entertainment experiences that merge gaming with digital culture.

ForYouGaming CMO: “This move allows us to think bigger — beyond regions, beyond platforms. We’re building a network of games that share the same DNA: accessible, social, and built to scale.”

Next Titles in Development

In addition to Baddie, ForYouGaming manages other projects including Boef.nl, an online crime game with a strong male audience, and holds premium gaming domains such as Gangsters.com, currently in development. Each title contributes to a growing network of entertainment experiences built around one central idea — making online games that people actually live in, not just play.
 

About ForYouGaming Inc.

ForYouGaming Inc. is a next-generation gaming company creating online experiences that merge entertainment, culture, and community.
The company develops and publishes web and mobile games for a global audience, connecting players through storytelling, competition, and creativity.

Its portfolio includes Baddie.nl, Boef.nl, and the upcoming international release Baddie.com.
With an expanding lineup of titles, ForYouGaming Inc. is defining the next era of interactive entertainment.

Media Contact

Organization: ForYouGaming Inc.

Contact Person: Stefan Gaasbeek

Website: https://foryougaming.com

Email: Send Email

Contact Number: +12132321375

Address:1301 North Broadway, Los Angeles

Address 2: STE 32021

City: Los Angeles

State: California

Country:United States

Release id:35622

The post Baddie Marks the Beginning of a Global Expansion by ForYouGaming Inc appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Press Release

NordFX Receives Best Fastest Payout Award at Forex Expo Dubai 2025

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6 hours ago

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October 17, 2025

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Gros-Islet, Saint Lucia, 17th Oct 2025 – NordFX has received the Best Fastest Payout Award at Forex Expo Dubai 2025, recognizing the broker’s dedication to delivering rapid and reliable withdrawal processing for traders worldwide. The award was presented during the two-day event held on October 6–7 at the Dubai World Trade Centre, where NordFX participated as a Diamond Sponsor.

Forex Expo Dubai remains one of the largest and most influential industry events, drawing thousands of professionals from the trading, fintech, and investment sectors. The awards highlight innovation and quality of service across the global financial ecosystem. NordFX recognition in the Fastest Payout category underscores the company’s focus on efficient transaction systems and strong customer support.

Over recent years, NordFX has introduced a series of payment-processing upgrades aimed at accelerating withdrawals and ensuring around-the-clock accessibility. A key component has been the automation of crypto withdrawals, enabling traders to access their funds within minutes and outside of traditional banking hours. Together with optimized systems for card, bank, and e-wallet transactions, these advances have positioned NordFX among the industry leaders in payout speed.

The award also reflects NordFX wider goal of improving trust and transparency in online trading. By ensuring that clients can move funds quickly and securely, the company supports a more flexible trading experience where capital can be redeployed across markets with minimal delay.

At Forex Expo Dubai 2025, the NordFX team engaged with traders, partners, and industry representatives to discuss evolving payment standards and the growing role of crypto in international finance. The Fastest Payout recognition further reinforces NordFX long-term commitment to innovation, reliability, and service excellence.

Media Contact

Organization: NordFX Ltd.

Contact Person: Vanessa Polson

Website: https://nordfx.com/

Email:
marketing@nordfx.com

Address:Ground Floor, The Sotheby Building

Address 2: Rodney Village, Rodney Bay

City: Gros-Islet

Country:Saint Lucia

Release id:35592

The post NordFX Receives Best Fastest Payout Award at Forex Expo Dubai 2025 appeared first on King Newswire. This content is provided by a third-party source.. King Newswire makes no warranties or representations in connection with it. King Newswire is a press release distribution agency and does not endorse or verify the claims made in this release. If you have any complaints or copyright concerns related to this article, please contact the company listed in the ‘Media Contact’ section

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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