VOL. XLVII
No 18
03-May-2004
TURKEY/IRAN
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...
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