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A court ruling Kurdistan is required to pay $ 100 million to Dana Gas

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Rocky


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A court ruling Kurdistan is required to pay $ 100 million to Dana Gas




November 22, 2015 0



Dana Gas listed on the Abu Dhabi stock exchange said one of the largest oil and gas companies investing in Iraqi Kurdistan that Britain's High Court ordered the Kurdistan Regional Government to pay $ 100 million to a consortium of the company within 14 days.

She said Dana said in a statement to stock exchange seen by the agency, "our economy" news that "the Court decided an arbitral tribunal in London was released in December 2014 upheld the Kurdistan government has committed to pay the same amount within 30 days."

The consortium, which also includes the UAE's Crescent Petroleum and company OMV and the Austrian oil and gas company sued the UAE Ao.am.al arbitration in London in October 2013 in an effort to ensure that contractual rights and get the amounts due on its production.

Dana Gas said it was "filed before the Supreme Court after the government declined to Kurdistan for payment, There was no comment from the government of Iraqi Kurdistan."

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