Dana Gas wins a court order is required to pay 100 million Kurdistan

2015-11-23 18:08:49

| (Voice of Iraq) - Twilight News

Dana Gas listed on the Abu Dhabi stock exchange said one of the largest oil and gas companies invested in Iraqi Kurdistan that Britain's High Court ordered the provincial government to pay $ 100 million to a consortium of the company within 14 days.

She said Dana said in a statement to the stock exchange decided to court upheld the jury in London was released in December 2014 committed the government of Kurdistan to pay the same amount within 30 days.

The consortium, which also includes the UAE's Crescent Petroleum and company OMV and the Austrian oil and gas company sued the UAE Ao.am.al arbitration in London in October 2013 in an effort to ensure that contractual rights and get the amounts due on its production.

Dana Gas said it filed before the Supreme Court declined to Kurdistan after the government defaulted. There was no comment from the Iraqi Kurdistan government.