Iraqi Kurdistan-focused independent Genel Energy announced on 2 December that the London Court of International Arbitration has ruled in favor of Iraq’s Kurdistan Regional Government (KRG) in a claim brought by the KRG in December 2021. Under the claim, the KRG argued that it had the right to terminate Genel’s production sharing contracts (PSC) for the Bina Bawi and Miran gas fields (MEES, 20 August 2021). Voicing his disappointment with the ruling, Genel Chairman David McManus says “we will update the market once we have appropriately analyzed the Tribunal’s Award.”