Crescent Petroleum Co., which is the biggest shareholder in Dana Gas PJSC, said a contract with Iran to supply natural-gas to the United Arab Emirates has not been cancelled.
“The 25-year contract between National Iranian Oil Co. and Crescent is valid, internationally binding and currently in international arbitration, as is known, and neither side has cancelled it,” a Crescent spokesman said by e-mail to Bloomberg today.
IranOilGas.com reported that the contract has been cancelled.
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