Weekly MENA Newsletter will be delivered to your email in PDF format every Friday (52 Issues per Year).
Iraq’s Kurdistan Regional Government (KRG) is suffering from an acute cash shortage. However, while this has led to payments disputes with several of the international oil firms active in the region (see p10), it is only partly to blame for a much more serious dispute between the KRG Ministry of Natural Resources and the UAE’s Dana Gas and Crescent Petroleum, a row that has intensified in the past week.
Privately-owned Dana Gas and Crescent, which together with MOL and Austrian OMV make up the Pearl Consortium developing the Khor Mor gas field in the Kurdistan region, said on 5 July that the London Court of International Arbitration (LCIA) had handed down a partial final award in its favor on 2 July.
DON'T HAVE AN ACCOUNT?
NEED TO UPGRADE YOUR CURRENT SUBSCRIPTION?
By upgrading your Print or Digital subscription you will gain access to the MEES Archives Database with past articles and data dating back from 1984.UPGRADE