Iraq/Kurdistan: Dana Gas Group Awarded $1.98 Billion in Iraq Kurds Dispute

Nov 29, 2015 | Arif Sharif, World Oil
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Dana Gas said a court has ordered the Kurdistan Regional Government to pay it and two other energy companies $1.98 billion in a dispute over development rights for two oil and natural gas fields in Iraq’s self-governing Kurdish region. The London Court of International Arbitration ordered the KRG to pay Dana, Crescent Petroleum and Pearl Petroleum within 28 days for condensate and liquefied petroleum gas produced up until June 30, the United Arab Emirates-based energy producer said in a statement to the Abu Dhabi bourse. The KRG said the statement was “misleading and incomplete.”