Genel Energy Press Release - Arbitration Award made in favour of Kurdistan Regional Government in London Court of International Arbitration (LCIA) regarding the Bina Bawi and Miran PSCs - 2 December 2024
Country
Year
2024
Summary
The Tribunal has ruled that the KRG validly terminated the Bina Bawi and Miran production sharing contracts and that GEMMBL's counterclaim is dismissed. The Tribunal also reserved for determination in a future award(s) the allocation of the costs relating to the arbitration.