Dana Plays Hardball With The KRG

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).

In July, the...