Middle East Economic Survey

VOL. LIII

No 2

11-Jan-2010

TURKEY

Turkey To Pay $600Mn Gas Price Differential To Azerbaijan

Turkey will pay the differential amounting to some $600mn, caused by changes in the price of gas supplied by Azerbaijan during 2009, according to reports in Turkeys Zaman newspaper and Azerbaijans Azeri Press Agency (APA). Turkeys Petroleum Pipeline Corporation (Botas) is to pay Baku $399/1,000 cu ms for gas delivered during the first quarter of 2009 and $230-280/1,000 cu ms for...