DUBAI, Dec 24 (Reuters) - United Arab Emirates’ Dana Gas said on Tuesday it has received a one-off $42 million dividend payment from Iraqi Kurdistan-focused energy company Pearl Petroleum.
“The payment follows the release of an additional $120 million out of the $400 million that was paid by the Kurdistan Regional Government to the consortium under a settlement agreement reached in August 2017 and that was held in a Pearl Petroleum bank account pending financing for the expansion of the Khor Mor field,” the company said. (Reporting by Tuqa Khalid)
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December 24, 2019 at 01:35PM
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Dana Gas says received one-off $42 million dividend from Pearl in Iraqi-Kurdistan - Reuters Africa
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