The din of drilling rigs in Iraqi Kurdistan may point to the phenomenal growth in exploration activity in the province in the past five years. But it has not silenced the voice of at least one pioneer investor over the continued lack of clarity from Irbil over payments and pricing of gas amid a rush of new sales agreements. Dana Gas, the biggest investor in the Kurdistan Regional Government (KRG) region, speaks out.
Tensions between Dana Gas and the KRG over unpaid invoices that the privately-owned UAE-based gas company says “it is owed” by Irbil have intensified, after KRG Minister of Natural Resources Ashti Hawrami on 5 October accused Dana Gas of breach of its confidentiality agreement and slammed the company for making “inaccurate and misleading” claims. (CONTINUED - 1612 WORDS)