The recent rocket attacks against a major gasfield in the Kurdistan region of Iraq have temporarily suspended an expansion project aimed at boosting production, the developer said on Monday.
Since Wednesday, Khor Mor gasfield in Iraq’s province of Sulaimaniyah has been attacked three times. The province is one of three that make up the Kurdish region.
There was no claim of responsibility from any group for the attacks, but they coincide with increasing tension in Iraq over forming a new government. The region has seen similar attacks on oil and gas infrastructure in the past months.
Although the attacks did not damage the field facilities or interrupt production operations, one of the assaults wounded two contractors, according to the UAE's Dana Gas company.
"The work on the KM 250 expansion project has been temporarily suspended while security enhancements are carried out”, Dana Gas said in a statement to the Abu Dhabi Securities Exchange, where its shares are traded.
That project is supposed to increase daily production to 1 billion standard cubic feet per day of gas and 35,000 barrels of condensate. Work was hit by the coronavirus pandemic and only resumed in April last year.
The company said that it is “closely co-ordinating with the KRG [Kurdistan Regional Government] who along with the Iraqi government have shown strong support”.
In response to these attacks, Kurdish authorities have taken all necessary measures to enhance security measures in Khor Mor, including the mobilisation of further armed forces to protect the facilities, it added.
The field is being developed by the Pearl Consortium, which is led by Dana Gas and Crescent Petroleum with partners OMV of Austria, Hungary's MOL and RWE.
Production started in 2008, sending gas to power stations in the cities of Chemchemal, Bazian and Erbil, making the Kurdish region the first to use gas for electricity in Iraq on such a scale.
By 2018, production had risen by 50 per cent from 305 million standard cubic feet per day to 452 million by the end of 2021, together with 15,000 barrels per day of condensate and more than 1,000 tonnes of liquefied petroleum gas.
To date, all of the gas produced by the field has been used for in-country power generation, providing fuel for more than 80 per cent of the Kurdish region of Iraq.
It is vital to the Kurds' aim of exporting natural gas to Europe through Turkey.
Sheikh Zayed's poem
When it is unveiled at Abu Dhabi Art, the Standing Tall exhibition will appear as an interplay of poetry and art. The 100 scarves are 100 fragments surrounding five, figurative, female sculptures, and both sculptures and scarves are hand-embroidered by a group of refugee women artisans, who used the Palestinian cross-stitch embroidery art of tatreez. Fragments of Sheikh Zayed’s poem Your Love is Ruling My Heart, written in Arabic as a love poem to his nation, are embroidered onto both the sculptures and the scarves. Here is the English translation.
Your love is ruling over my heart
Your love is ruling over my heart, even a mountain can’t bear all of it
Woe for my heart of such a love, if it befell it and made it its home
You came on me like a gleaming sun, you are the cure for my soul of its sickness
Be lenient on me, oh tender one, and have mercy on who because of you is in ruins
You are like the Ajeed Al-reem [leader of the gazelle herd] for my country, the source of all of its knowledge
You waddle even when you stand still, with feet white like the blooming of the dates of the palm
Oh, who wishes to deprive me of sleep, the night has ended and I still have not seen you
You are the cure for my sickness and my support, you dried my throat up let me go and damp it
Help me, oh children of mine, for in his love my life will pass me by.
Seemar’s top six for the Dubai World Cup Carnival:
1. Reynaldothewizard
2. North America
3. Raven’s Corner
4. Hawkesbury
5. New Maharajah
6. Secret Ambition
Expert input
If you had all the money in the world, what’s the one sneaker you would buy or create?
“There are a few shoes that have ‘grail’ status for me. But the one I have always wanted is the Nike x Patta x Parra Air Max 1 - Cherrywood. To get a pair in my size brand new is would cost me between Dh8,000 and Dh 10,000.” Jack Brett
“If I had all the money, I would approach Nike and ask them to do my own Air Force 1, that’s one of my dreams.” Yaseen Benchouche
“There’s nothing out there yet that I’d pay an insane amount for, but I’d love to create my own shoe with Tinker Hatfield and Jordan.” Joshua Cox
“I think I’d buy a defunct footwear brand; I’d like the challenge of reinterpreting a brand’s history and changing options.” Kris Balerite
“I’d stir up a creative collaboration with designers Martin Margiela of the mixed patchwork sneakers, and Yohji Yamamoto.” Hussain Moloobhoy
“If I had all the money in the world, I’d live somewhere where I’d never have to wear shoes again.” Raj Malhotra
French Touch
Carla Bruni
(Verve)
UAE currency: the story behind the money in your pockets
SPECS
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Power: 630hp
Torque: 850Nm
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Price: From Dh599,000
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The most expensive investment mistake you will ever make
When is the best time to start saving in a pension? The answer is simple – at the earliest possible moment. The first pound, euro, dollar or dirham you invest is the most valuable, as it has so much longer to grow in value. If you start in your twenties, it could be invested for 40 years or more, which means you have decades for compound interest to work its magic.
“You get growth upon growth upon growth, followed by more growth. The earlier you start the process, the more it will all roll up,” says Chris Davies, chartered financial planner at The Fry Group in Dubai.
This table shows how much you would have in your pension at age 65, depending on when you start and how much you pay in (it assumes your investments grow 7 per cent a year after charges and you have no other savings).
|
Age
|
$250 a month
|
$500 a month
|
$1,000 a month
|
|
25
|
$640,829
|
$1,281,657
|
$2,563,315
|
|
35
|
$303,219
|
$606,439
|
$1,212,877
|
|
45
|
$131,596
|
$263,191
|
$526,382
|
|
55
|
$44,351
|
$88,702
|
$177,403
|
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
Result
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Match info
Liverpool 4
Salah (19'), Mane (45 2', 53'), Sturridge (87')
West Ham United 0
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
Who is Ramon Tribulietx?
Born in Spain, Tribulietx took sole charge of Auckland in 2010 and has gone on to lead the club to 14 trophies, including seven successive Oceania Champions League crowns. Has been tipped for the vacant New Zealand national team job following Anthony Hudson's resignation last month. Had previously been considered for the role.
THE%20SWIMMERS
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