Companies & Finance

Gazprom to start retroactive payments to Botas soon – Malgin

Gazprom will soon start making retroactive payments to Turkey's Botas, a Gazprom official says.
By Staff reporter 31 May 2018 0 31109

Mikhail Malgin, deputy head of Gazprom Export, said on Wednesday that the Russian company will soon start making retroactive payments to Turkey's state-owned Botas.

"The greater portion of the agreed amount will be paid shortly. The smaller portion will be provided as a discount [to the gas price] for future supplies," Malgin was quoted as saying by TASS on Wednesday.

Gazprom reached an agreement with Botas on a dispute over prices last week.

“Gazprom Export and Botas signed documents to settle out of court the...