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British court obliges the Kurdistan region to pay $ 100 million for the company Dana Gas

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Rocky


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British court obliges the Kurdistan region to pay $ 100 million for the company Dana Gas




11/23/15

BAGHDAD / Sky Press: Dana Gas announced a major oil and gas companies in the UAE and listed on the Abu Dhabi stock exchange, said that "Britain's High Court issued a decision is required of the Kurdistan region to pay $ 100 million within 14 days of the consortium.

Dana said in a statement to the Stock Exchange seen by "Sky Press," that "the Court upheld a jury decided in London was released in December 2014 committed the Kurdistan Regional Government 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 "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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