Disir
Platinum Member
- Sep 30, 2011
- 28,003
- 9,607
- 910
SULAIMANI – A consortium of energy companies, including UAE-listed Dana Gas has sought nearly $2 billion in awards from a U.S. federal court in an arbitration case against the Kurdistan Regional Government (KRG).
Dana Gas appealed to a D.C. court in an aim to confirm a London Court of International Arbitration tribunal’s $1.96 billion award handed down to Dana Gas, Crescent Petroleum and Pearl Petroleum Co. Ltd. for outstanding invoices.
The Kurdistan Region’s leading gas investor reportedly appealed on May 12 to the U.S. court asking for “recognition and enforcement” of $1,963,370,320 in awards against KRG.
On February 14, UAE-listed Dana Gas said the company, along with another two claimants, won a judgment requiring the KRG to pay $121 million to the investors after a court ruling at a London tribunal against the KRG ended in the company’s favor.
The consortium (which includes oil and gas companies Crescent Petroleum, and Pearl Petroleum) filed a lawsuit in the LCIA against the KRG in October 2013.
NRT English
Egypt owes them money as well but they are still going to drill there.
Dana Gas appealed to a D.C. court in an aim to confirm a London Court of International Arbitration tribunal’s $1.96 billion award handed down to Dana Gas, Crescent Petroleum and Pearl Petroleum Co. Ltd. for outstanding invoices.
The Kurdistan Region’s leading gas investor reportedly appealed on May 12 to the U.S. court asking for “recognition and enforcement” of $1,963,370,320 in awards against KRG.
On February 14, UAE-listed Dana Gas said the company, along with another two claimants, won a judgment requiring the KRG to pay $121 million to the investors after a court ruling at a London tribunal against the KRG ended in the company’s favor.
The consortium (which includes oil and gas companies Crescent Petroleum, and Pearl Petroleum) filed a lawsuit in the LCIA against the KRG in October 2013.
NRT English
Egypt owes them money as well but they are still going to drill there.
