Pearl Petroleum Khor Mor (DFC-PEARLPET)

Countries
  • Iraq
Where the impacts of the investment may be experienced.
Specific Location
Khor Mor (KM), Kurdistan
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Pearl Petroleum
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Aug 21, 2020


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Project Description

According to bank documents, the Project involves the expansion of gas production and processing operations (the “KM250A Plant”) which will be located adjacent to the existing gas processing plant, near Khor Mor in the Kurdistan Region of Iraq. The Project will be designed to gather, process and transport natural gas through an existing pipeline network. Liquefied petroleum gas will be produced as a by-product and it will be transported through trucks. Construction of the KM250A Plant will be within the existing Pearl Petroleum’s site boundary and up to five new flowlines will transport raw gas from new production wells to the KM250A Project site. The Project, which will be operated by Pearl Petroleum, involves the initial extraction and ultimate production of approximately 2.5 million tons per annum (MTPA) of natural gas. 

Investment Description
  • US International Development Finance Corporation (DFC)
Private Actors
Contact Information

*Contact information not provided at the time of disclosure*