Market Reaction: slightly positive given that this is the third payment made by the KRG. It could also be seen as a response to this morning's media reports that the London Court of International Arbitration had ordered the KRG to pay US$1.98 bn to Pearl Petroleum for unpaid invoices. The KRG indicated that this is a partial ruling and that the proceedings continue. We continue viewing the ongoing litigation process as a key area of uncertainty for the KRG as the materiality of the amount has
30 Nov 2015
KRG TO MAKE NOVEMBER PAYMENT TO IOCS IN LINE WITH SEPTEMBER AND
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KRG TO MAKE NOVEMBER PAYMENT TO IOCS IN LINE WITH SEPTEMBER AND
Genel Energy PLC (GENL:LON) | 83.6 -0.1 (-0.1%) | Mkt Cap: 233.4m
- Published:
30 Nov 2015 -
Author:
Stephane Foucaud -
Pages:
2
Market Reaction: slightly positive given that this is the third payment made by the KRG. It could also be seen as a response to this morning's media reports that the London Court of International Arbitration had ordered the KRG to pay US$1.98 bn to Pearl Petroleum for unpaid invoices. The KRG indicated that this is a partial ruling and that the proceedings continue. We continue viewing the ongoing litigation process as a key area of uncertainty for the KRG as the materiality of the amount has