The CEO of Dana Gas said that the company is still waiting for payment of the USD1.98 billion that it and two other energy companies were awarded in a dispute over development rights at two oil and gas fields within Iraq’s self-governing Kurdish region (KRG). The London Court of International Arbitration made the award on 29 November, saying that the KRG had 28 days to pay Dana, Crescent Petroleum and Pearl Petroleum Company. Chief Executive Officer Patrick Allman-Ward said on the sidelines of a conference in Abu Dhabi that he does not expect KRG to pay it all in one go. Dana Gas, which operates mostly in Egypt and Iraq, will give more details of its agreement on a separate arbitration case with RWE AG’s trading unit on 14 February, when it is scheduled to announce its 2015 earnings results. Dana Gas reached an “amicable and mutually beneficial settlement agreement” with RWE AG’s trading unit to resolve a dispute over a venture in Iraq’s semi-autonomous Kurdish region in November. (Bloomberg)