Pres­i­dent Barzani Brings Clar­ity on DanaGas Is­sues

The Kurdish Globe - - NEWS -

Dur­ing his visit to the United Arab Emi­rates on his Per­sian Gulf tour, Kur­dis­tan Re­gion Pres­i­dent Mas­soud Barzani met with se­nior UAE au­thor­i­ties.

One pur­pose of the visit was to ad­dress the is­sues be­tween the UAE-based Dana- Gas Com­pany and the KRG, which ended up in a Lon­don court.

The court, last week, made a de­ci­sion in fa­vor of DanaGas, rul­ing that the KRG has to pay around US$2 bil­lion to the com­pany.

DanaGas, head­quar­tered in Abu Dhabi, has been ex­plor­ing nat­u­ral gas fields in Kur­dis­tan since 2007. Re­ports sug­gest that DanaGas has agreed to put an end to the is­sues and in re­turn the KRG will al­low the com­pany to com­plete its projects in the Re­gion.

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