$2.4B Award-Creditors Ask Court To Enter Default Against Iranian Gas Company

Mealey's (October 24, 2022, 8:18 AM EDT) -- WASHINGTON, D.C. — Two gas companies on Oct. 20 filed a request for entry of default in the U.S. District Court for the District of Columbia against the Islamic Republic of Iran’s state-owned oil company, saying it has failed to appear more than five months after the companies filed a petition to enforce an arbitral award worth more than $2.4 billion for failure to deliver raw gas....