Dana Gas wins arbitration against KRG | Dana Gas wins arbitration against KRG -

Dana Gas wins arbitration against KRG

: Tuesday, July 15 - 2014 @ 00:36

UAE-based Dana Gas, one of the largest oil and gas investors in Iraq’s semi-autonomous Kurdish region, has said an arbitration tribunal had awarded it the right to receive some outstanding payments from the Kurdish government, Reuters has reported. The Abu Dhabi-listed firm, which leads a consortium of investors, had filed an arbitration case in London last October against the Kurdistan Regional Government (KRG), seeking to confirm its contract rights and to obtain payments for products it had delivered. “The Tribunal has made an order dated July 10, 2014, for the KRG to restore the previous regular payments to the companies as of March 21, 2014, the date of the application, and until the case is concluded,” Dana said.

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Tuesday, July 15- 2014 @ 0:36 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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