Ankara, Tehran must discuss gas discount level, experts

February 8, 2016

"Experts say if Turkey, Iran do not agree on discount level within obligatory timeframe, arbitration court will rule"

 

Turkey and Iran must conclude the natural gas discount rate due to Turkey to avoid the arbitration court fixing the rate, Denis Mouralis, professor of arbitration and international trade law at Aix Marseille University, consultant and arbitrator said Monday.

Turkey brought the case to court because of Iran's high natural gas prices applied to the country during the four year period between 2011 and 2015.

 

The International Court of Arbitration ruled against Tehran in the gas dispute, officials from Turkey's Energy and Natural Resources Ministry told Anadolu Agency on Feb. 2.

 

 

Published Anadolu Agency Energy News
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