ICJ Clears NIGC of BOTAS Charge over Commitment Breach, Yet to Decide on Price Claim

TEHRAN, July 26 (Shana) – Director of the International Affairs Department at National Iranian Gas Company (NIGC) Azizollah Ramezani said on Monday that Turkish Petroleum Pipeline Corporation's (BOTAS) file at the International Court of Justice (ICJ) against NIGC breach of commitments and high gas price turned down and the Iranian Company’s cleared of the charges.

Talking to the Oil Industry Training Session, Ramezani elaborated on the Turkey’s ICJ complaint and said as for the first count of the complaint, the NIGC was proved clean of the claim but as for the second case – the gas price – the court is yet to verify it and the ruling is expected to be issued in a matter of two to three months.

The NIGC official said the second claim should be looked into with respect to the contract, which envisions five times of complaint before the ICJ over gas prices with respect to the market conditions as long as the contract is valid or the call on the Court for appeals in a matter of three years.

He said Turkey has called for 37.5 percent discount as early as 2012 but the issue is still in scrutiny at The Hague and fortunately, the NIGC has lodged logical defense in that connection. 

He noted that the Court is expected to issue ruling in two to three months.

Ramezani touched on Turkish officials’ comments on the issue and said the comments Turkish officials have raised are a mere guessing because the Court is impartial and no official is aware of what the ruling would be.

The Iranian gas official said 10,000-page document had been presented to the court and it will decide based on the evidence and claims of the either party thereof.  

News Code 265720

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