facebook
twitter
rss
account
search
search
 

Dana Gas discloses details of Iraqi energy tribunal

Feb. 3, 2014 at 7:47 AM   |   Comments

SHARJAH, United Arab Emirates, Feb. 3 (UPI) -- Emirati energy company Dana Gas disclosed it was seeking confirmation of its rights under energy deals with the Kurdish government in Iraq at a London tribunal.

Dana Gas disclosed Sunday it filed a case at the London Court of International Arbitration alongside Crescent Petroleum and Pearl Petroleum Co. Ltd.

The company said it filed the arbitration case in order to settle "payment of outstanding receivables owed to it by the KRG's Ministry of Natural Resources."

Dana said it is challenging a counterclaim made by the semiautonomous Kurdish government regarding the payments.

The company said it was committed to its engagement with the Kurdistan Regional Government, adding it hopes "all outstanding matters with the MNR will be resolved, amicably and in good faith, in the shortest possible time."

The Kurdish government is at odds with the central government in Baghdad regarding who controls what aspects of the nation's energy sector. The central government says unilateral deals made with the KRG violate national laws.

There was no statement from the KRG on the tribunal.

© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Featured UPI Collection
trending
Notable deaths of 2014 [PHOTOS]

Notable deaths of 2014 [PHOTOS]

Most Popular
1
Tony Hayward: Kurdish oil sector open for business Tony Hayward: Kurdish oil sector open for business
2
Textron's G-CLAW on target in live-fire demonstration Textron's G-CLAW on target in live-fire demonstration
3
Pay up, Gazprom tells Ukraine Pay up, Gazprom tells Ukraine
4
$3 gas could make a comeback $3 gas could make a comeback
5
Starbucks testing smaller Frappuccinos Starbucks testing smaller Frappuccinos
Trending News
Video
x
Feedback