No 18



Turkey Seeks International Arbitration On Iran Gas Deal

Turkey is looking to take its 1996 natural gas agreement with Iran to international arbitration in an effort to renegotiate the price on the grounds that the natural gas that it is receiving is inferior. Ankara halted Irans gas shipments in September 2002 on the grounds that the gas was of poor quality, but shipments resumed the following November when Iran agreed to a 9% price reduction (MEES, 16...