IRAQ

The gas-producing Pearl Consortium led by UAE-based Dana Gas has scored a first victory in its legal battle against Iraq’s Kurdistan Regional Government (KRG). The London Court of International Arbitration has ordered the KRG to pay arrears to the consortium and maintain payments till the case runs its course. The ruling sets a precedent and foreign contractors in the Kurdish region, many of whom are yet to be paid their costs, will be watching Erbil’s response.

Dana Gas,...