Kurdistan pays $1 billion to Dana Gas, partners to settle London case:
"Iraq’s Kurdistan region will immediately pay $1 billion to UAE-based Dana Gas and its partners to settle a long-running London court case, the two sides said on Wednesday.
The full and final settlement of the $2.24 billion case is the latest effort by the semi-autonomous region to put its finances in order ahead of a referendum next month seeking independence from the government in Baghdad.
Last week, Kurdistan signed deals with key oil producers on its territory to clear outstanding debts, but the long-running dispute with Dana was still clouding the picture."
'via Blog this'
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