The United Arab Emirates’ Dana Gas has not been able to reach an acceptable deal with Iran on natural gas imports into the UAE, and an arbitration process will continue, chief executive Patrick Allman-Ward said on Tuesday.
However, Dana and its affiliate Crescent Petroleum are still open to further discussions with Iran, which also wants to see the dispute resolved, Allman-Ward told reporters.
Allman-Ward said an arbitration tribunal in The Hague would hold another hearing on damages claimed by Dana in September.
Asked if Dana might simply pull out of the Iran deal, he replied: “I’m a businessman – if someone made an offer for my assets or for the contract we have in Iran, I’d consider.”