The Pearl Petroleum consortium led by the UAE’s Crescent Petroleum and Dana Gas has signed a $250 million financing agreement with the U.S. International Development Finance Corporation (DFC) to fund a major expansion of the Khor Mor gas field in the Kurdistan Region of Iraq (KRI), the two parties said in a joint statement on Wednesday. The project will increase natural gas production at Khor Mor by 50 percent by 2023 “to meet rising demand for clean-burning natural gas for electricity generation and industry in the KRI,” the statement said. T