DANA earn a provision required the Kurdistan Region payments
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DANA earn a provision required the Kurdistan Region payments
Admin Sun Jul 13, 2014 8:27 am
Saturday, July 13, 2014 11:42
Twilight News / announced Dana Gas, one of the largest investors oil and gas sector in Kurdistan Region, Iraq, Sunday, for the arbitration claim granted the right to receive a portion of the payments due to the provincial government.
The company was listed on the Abu Dhabi filed for arbitration in London earlier in the right of the Kurdistan Regional Government, in an effort to emphasize the contractual rights, and collect the value of the products already delivered.
Said Dana Gas, which leads the consortium working in Iraq, in a statement seen by "Twilight News", that "Authority has issued international arbitration in London on July 10, 2014 judgment which accepted the urgent request of the companies."
The statement added that the jury "sentenced necessary Kurdistan Regional Government to pay the value of petroleum products, which are supplied by the company and its partners to the Government of the Territory under the Convention, as has been the repayment previously, from March 21, 2014 the date of application urgent, and even chapter in the arbitration claim" .
http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.shafaaq.com/sh2/index.php/news/economy-news/79997-2014-07-13-08-46-54.html&usg=ALkJrhhB9x6fhYwLQCvUGKV96sXIVSwGuw
Twilight News / announced Dana Gas, one of the largest investors oil and gas sector in Kurdistan Region, Iraq, Sunday, for the arbitration claim granted the right to receive a portion of the payments due to the provincial government.
The company was listed on the Abu Dhabi filed for arbitration in London earlier in the right of the Kurdistan Regional Government, in an effort to emphasize the contractual rights, and collect the value of the products already delivered.
Said Dana Gas, which leads the consortium working in Iraq, in a statement seen by "Twilight News", that "Authority has issued international arbitration in London on July 10, 2014 judgment which accepted the urgent request of the companies."
The statement added that the jury "sentenced necessary Kurdistan Regional Government to pay the value of petroleum products, which are supplied by the company and its partners to the Government of the Territory under the Convention, as has been the repayment previously, from March 21, 2014 the date of application urgent, and even chapter in the arbitration claim" .
http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sandbox=0&sl=ar&tl=en&u=http://www.shafaaq.com/sh2/index.php/news/economy-news/79997-2014-07-13-08-46-54.html&usg=ALkJrhhB9x6fhYwLQCvUGKV96sXIVSwGuw
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