Economic Calendar

Thursday, February 26, 2009

Turkey Wins Arbitration Case Against Iran Over Natural Gas

Share this history on :

By Ali Berat Meric

Feb. 26 (Bloomberg) -- Turkish state-run pipeline company Botas won a case in international arbitration against the government of Iran over natural gas supply, Nazan Konuk, a spokeswoman for the company, said late yesterday.

The court in Switzerland said Iran should sell the natural gas that Turkey buys via a pipeline at a reduced price and said Iran should pay compensation to Botas if supplies are cut or gas quality falls, Konuk said without giving further details.

To contact the reporter on this story: Ali Meric in Ankara at americ@bloomberg.net




No comments: