Middle East Economic Survey
VOL. LII
No 29
20-Jul-2009
UAE
Crescent To Seek International Arbitration On Iran Gas Deal
Sharjah-based Crescent Petroleum is resorting to international arbitration to rule on its stalled 600mn cfd gas import project with Iran, Crescent partner, Dana Gas announced on 15 July. The news marks an abrupt change from the persistently upbeat reports from Crescent and Dana Gas in the past three years, confirming widespread industry sentiment that the landmark deal soured long...
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