UAE's Dana Gas says oil production in the Kurdistan Region has increased by 6 percent, recently, Birl Petroleum, one of their partners, received $101 million from the Kurdistan Regional Government.

Dana Gas Company announced: Profit fell 25 percent to $83 million in the first half of this year from $111 million in the first half of last year, as a result of falling oil prices and additional reductions in gas sales by selling condensate to NGOs while other oil companies operating in the region have stopped production.

Revenue fell 22 percent to $222 million in the first six months of this year, compared with $284 million in the first half of last year, due to falling oil and gas prices in the world markets, as well as increased production in the region Consumption expenditure of 15% played a positive role in limiting the impact of the decline in oil prices.

Added that Burl Petroleum has recently received $101 million from the Kurdistan Regional Government (KRG) despite continuous internal challenges in Iraq, and negotiations have been held with the KRG to clear all outstanding entitlements as soon as possible It continued and all its products were used domestically.