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Iran may scrap gas deal
- United Arab Emirates: Tuesday, April 25 - 2006 at 13:11
Iran could rescind a contract for gas supplies to the UAE-based Crescent National Gas Corporation Limited, a subsidiary of Dana Gas, over dissatisfaction with the agreed price, reported the Iran Daily. A senior lawmaker said the price of $0.02 per cubic metre agreed to by the National Iranian Gas Export Company was based on oil prices of $18 per barrel, and is 'tantamount to the violation of Iran's rights'.
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James McInerney, News EditorTuesday, April 25 - 2006 at 13:11 UAE local time (GMT+4)
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