The Biden Administration’s U.S. International Development Finance Corporation (DFC) has provided $250 million in financing to “the development of the Iraqi Kurdistan’s Khor Mor field, a major project of the region’s Jafar dynasty,” according to a September 22, 2021 Intelligence Online report titled “Jafar clan lands $250m finance from US development fund DFC.”
Joe Biden has taken aggressive steps to shut down U.S. domestic petroleum production. Biden also shut down construction of the Keystone XL pipeline, leading to the loss of high-paying American jobs. Biden is stopping the U.S. oil supply and the media is covering for him.
According to sources, the United States has more oil in the ground than the entire Middle East combined.
Biden’s use of American taxpayer dollars to fund the Iraq Jafar family’s Pearl Petroleum project is breathtaking.
According to Iraq Business News:
Pearl Petroleum, the consortium led by Dana Gas and Crescent Petroleum of the UAE, has signed a $250 million financing agreement with the U.S. International Development Finance Corporation (DFC) to support the gas expansion works currently under way at the Khor Mor gas plant in the Kurdistan Region of Iraq (KRI).
DFC is the development finance arm of the U.S government and proceeds from the 7-year DFC financing will support an increase in gas production capacity by 50% to 690 million standard cubic feet (scf)/day to meet rising demand for clean natural gas for electricity generation and industry in the KRI. The total project cost is $630 million and the remaining financing has already been secured through a regional bank facility and the EPC contractor.
Mr. Majid Jafar, CEO of Crescent Petroleum and Board Managing Director of Dana Gas, commented:
“This financing agreement with DFC underscores the importance of developing the natural gas resources in the KRI to support regional economic development and growth. Despite the global challenges presented by the COVID pandemic, we have continued to maintain our record of uninterrupted operations and even managed to grow production. The DFC agreement is a testament to our successful track record and further highlights the potential of these resources and the bright future for the KRI.”
Dr. Patrick Allman-Ward, CEO of Dana Gas, added:
“With our partners in Pearl Petroleum we are proud to be further developing the gas sector of the Kurdistan Region of Iraq, delivering expanded supply of cleaner energy, and supporting local economic development. This agreement underscores our continued confidence in the region and its long-term prospects.”
Mr. Dev Jagadesan, Acting CEO of DFC, said:
“DFC’s investment in the Khor Mor expansion will substantially increase access to energy for people all across the Kurdistan Region of Iraq. This highly developmental project represents the United States’ continuing investment in the KRI.”
Crescent Petroleum CEO Majid Jafar Is The Brother Of Gulftainer Chairman Badr Jafar, The Son Of Gulftainer Co-Owner Hamid Dhia Jafar, And The Nephew Of Saddam Hussein’s Former Nuclear Weapons Mastermind Dr. Jafar Dhia Jafar
Crescent Petroleum is an affiliate of GULFTAINER. Crescent Petroleum and GULFTAINER are both subsidiaries of the Iraq Jafar family’s conglomerate, The Crescent Group.
Crescent Petroleum CEO Majid Jafar is the brother of Gulftainer Chairman Badr Jafar. Brothers Majid and Badr Jafar are the sons of Gulftainer co-owner Hamid Dhia Jafar.
Hamid Dhia Jafar is the brother and business partner of rogue Iraqi nuclear physicist Dr. Jafar Dhia Jafar, Saddam Hussein’s former nuclear weapons mastermind.
Crescent Petroleum CEO Majid Jafar And Former U.S. President Bill Clinton
We previously reported in a May 24, 2015 article titled “America’s Strategic Infrastructure Compromised: Did Clinton Pay-To-Play Arrangement Hand Over Port Container Operations Inside National Security Nexus To Wealthy Foreign Associates?”:
Majid [Jafar] co-Chairs, alongside former President Clinton, Business Backs Education, a United Nations UNESCO-run global educational campaign. The campaign is funded by the Varkey GEMS foundation, a contributor to the Clinton Global Initiative.
“The Varkey GEMS Foundation has helped to facilitate more than 2,300 commitments through the Clinton Global Initiative to date. Upon funding and implementation, these commitments will have a total value of over $70 billion.” – Varkey Foundation Website
Majid Jafar met with former President Bill Clinton and other global leaders, including the Director-General of UNESCO , at the Global Education and Skills Forum, held in Dubai from March 15-17, 2014.
A group photograph taken during the forum provides key evidence that Crescent executive Majid Jafar not only served as co-Chair of the Business Backs Education campaign alongside former President Bill Clinton, but also physically stood next to former President Clinton at a time when Gulftainer was secretly seeking to establish operations at Port Canaveral. That deal would soon require approval from Clinton’s long-time friend, Treasury Secretary Jack Lew.
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