By John Lee.
Pearl Petroleum is reportedly planning to raise additional funding for its drilling and development in Iraqi Kurdistan,
According to Reuters, Patrick Allman-Ward, the chief executive of Dana Gas, which is the majority owner of Pearl Petroleum, told reporters that the funding will “comprise a mix of bank debt, a bond, Exim bank financing as well as contractor and vendor financing.”
The company is developing that Khor Mor and Chemchemal gas fields in Iraqi Kurdistan.
(Source: Reuters)