UAE firm restarts production at Iraq gas plant after drone attack

03 May 2024 CW Team

A UAE firm announced that it was initiating measures to recommence production from an Iraq gas complex, which had been ceased following a lethal drone strike the previous week.

The Khor Mor complex, owned by a consortium of two United Arab Emirates energy firms, has faced multiple attacks in recent years. However, last Friday's strike marked the first fatal assault, resulting in the deaths of four Yemeni workers and injuring at least eight others.

Dana Gas declared its intention to "temporarily suspend production" at Khor Mor, but later reversed this decision.

According to a statement published on the Abu Dhabi Securities Exchange on Wednesday, Dana Gas and its partners have begun the process of resuming production from the Khor Mor field. They emphasised implementing new measures gradually to enhance the safety of all personnel and facilities.

The strike disrupted gas supply to regional power plants, causing a loss of 2,500 megawatts (MW) of electricity, as stated by authorities.

Dana Gas attributed the decision to resume production to "tangible actions" taken by the government of Iraq and the Kurdistan regional government to bolster defences at the Khor Mor site.

Situated between the cities of Kirkuk and Sulaimaniyah, the Khor Mor gas field falls within an area governed by the Kurdish authorities.

In January, rockets targeted the gas field, resulting in a fire but no casualties. During that period, pro-Iranian Iraqi armed groups were attacking military bases housing US forces in Iraq and neighboring Syria.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..