Dana Gas group files arbitration on Kurdistan government

11/04/2013
Three operators that hold oil and gas rights in Iraq's Kurdistan region have filed an arbitration action in a London court seeking to clarify contractual rights under their agreement with the Kurdistan Regional Government. Dana Gas of Sharjah, Crescent Petroleum, and the Pearl Petroleum consortium seek clarification of the April 2007 agreement, which is governed by English law. The companies said the objective of the arbitration is to obtain clarification of the consortium's long-term contractual rights for the development and marketing in respect of Khor Mor and Chemchemal fields including the outstanding receivables owed by the Ministry of Natural Resources in the Kurdistan region. The ...
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