Dana Gas keeps its distance on Iranian gas dispute | The National

Dana Gas keeps its distance on Iranian gas dispute | The National:



"Dana Gas has distanced itself from reports that an international arbitration panel has found in favour of its parent company in its long-running dispute with Iran over an ill-fated gas supply deal.



Reports on Tuesday suggested that National Iran Oil Company (NIOC) was liable to pay Crescent Petroleum several billion dollars in compensation as part of proceedings initiated in 2009.



A source with knowledge of the situation said yesterday that an arbitration panel had indeed found in Crescent’s favour, declining to give further details about when the award was made and what amount was payable by NIOC."



'via Blog this'