Abu Dhabi-Mubasher: Kurdistan Regional Government (KRG) said it would continue to pursue huge financial claims against a consortium including UAE’s Dana Gas.

"This is a partial award that does not finally determine all issues in the arbitration, and leaves many issues unresolved," the government added.

Dana said in a statement on Sunday that a tribunal of the London Court of International Arbitration had ordered KRG to pay the consortium $1.98 billion within 28 days.

However, KRG added in its statement that it still has counterclaims worth over $3 billion against Dana, and that the tribunal would hear these claims in the next phase of arbitration.