Iraq/Kurdistan: Arbitration Court Rules in Favor of Producers in Iraqi Kurdistan: Dana Gas

Jul 6, 2015 | Platts
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A London court has ruled in favor of a group of international oil and gas companies operating in Iraqi Kurdistan on several key issues in their arbitration case against the Kurdistan Regional Government in a development sure to test the KRG's reputation for honoring its own contracts. Dana Gas said Sunday that the London Court of International Arbitration had last week handed down a partial final award ruling confirming production rights claimed by Dana, Crescent Petroleum and the Pearl Petroleum consortium in Kurdistan. Specifically, it confirmed Pearl's exclusive right to develop and produce gas and liquids from the Khor Mor and untapped Chemchemal gas and condensate fields.