The Crescent Group has two core businesses: Crescent Petroleum and Crescent Enterprises. Crescent Petroleum has been operational for over 52 years and is one of the region’s oldest private oil and gas companies. Crescent Enterprises operates in ports and logistics, power and engineering, aviation, healthcare, real estate, and construction, IT commerce, venture capital, and private equity. In 2023, Crescent Petroleum signed three contracts with Iraq’s Ministry of Oil to develop and produce oil and gas fields in Diyala and Basra.