Business Services Industry
RUSSIA: BOTAS TO RESTRICT CONTRACTS WITH GAZPROM.(Brief Article)(Statistical Data Included)
IPR Strategic Business Information Database, November, 2001
Turkey's gas and pipeline monopoly, Botas, may transfer a number of its long-term gas contracts with Gazprom to other gas companies in May 2002, RosBusiness Consulting reported. The unbundling process, Turkey's first step to liberalize its gas market, could put the Russian gas giant against major international companies eager to renegotiate Gazprom's contracts with Turkey.
"We are conducting a study on which contracts will be handed over first [to private companies]," said Botas CEO Gokhan Bildaci. "This will be done by tender, and in May we aim to pass on the first 10 percent." According to a new gas law, Botas is required to sell at least 10 percent of its current import contracts to private companies annually. By 2009, the state-owned company must reduce its...
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