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PEARL PETROLEUM COMPANY LIMITED et al v. KURDISTAN REGIONAL GOVERNMENT OF IRAQ
Case Number:
1:17-cv-00894
Court:
Nature of Suit:
Judge:
Firms
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September 01, 2017
Oil Group Drops $1.96B Award Against Kurdistan After Deal
A consortium of United Arab Emirates-based energy companies dropped a petition to enforce a $1.96 billion arbitration award issued against Iraq's Kurdistan Regional Government in a dispute over two Iraqi gas fields on Friday, just days after the parties reached a $2.2 billion settlement that amends and extends their energy production contract.
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May 15, 2017
Kurdish Gov't Must Pay Consortium $2B Award, Court Told
A consortium of energy companies asked a D.C. federal court Friday to confirm a London Court of International Arbitration tribunal's $1.96 billion award against Iraq's Kurdistan Regional Government in an ongoing contract dispute over the development of gas fields, arguing the government is not immune from U.S. courts.