Dana Gas, the privately owned gas company based in Sharjah, is not dropping its arbitration against Iraq’s Kurdistan Regional Government (KRG) despite the resumption of a small, partial payment of funds owed by Erbil.
Dana Gas said on 23 October it had received $18mn from Erbil, which appears to have bowed to a court order to resume payments, or risk damaging its reputation as a safe haven for foreign investors (MEES, 24 October). (CONTINUED - 1162 WORDS)
