UK court orders Kurdish government to pay Dana Gas $100 million in 14 days | The National:
"International courts have ruled that the Kurdistan regional government in Iraq has 14 days to pay US$100 million to Sharjah-based Dana Gas and its consortia partners.
The High Court of England has upheld the ruling of the London Court of International Arbitration ordering the KRG to pay Dana Gas and its partners, Crescent Petroleum and Pearl Petroleum, outstanding arrears for the development of hydrocarbon assets.
The group is exploring and developing the Khor Mor and Chemchemal gas fields. The supplies from these assets were to provide domestic electric power to plants near Erbil and Suleymania."
'via Blog this'
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