Crescent Petroleum Company an oil and natural gas producer from Egypt to the United Arab Emirates, expects to resolve a USD11bn arbitration case against the Kurdistan Regional Government in Iraq by the end of this year. The Sharjah based company is scheduled for a hearing in September at the London Court of International Arbitration in its case against the KRG over gas sales in the Kurdish region, Crescent Chief Executive Officer Majid Jafar said Sunday in an interview in Dubai. A separate hearing in an arbitration case against Iran’s state oil company has been delayed by one month until October, he said. Both cases could result in cash awards for Crescent and its listed affiliate Dana Gas, in which it has a 19% stake. (Bloomberg)