Brief: Gubre Fabrikalari Says It Will Pay $59.4 Mln Fine For Its Iran-based Unit's Excess Gas Consumption

Gubre Fabrikalari

05/11/2024 06:12

Nov 5 (Reuters) - GUBRE FABRIKALARI T.A.S.  GUBRF.IS :
    * SAID ON NOV. 4, REGARDING THE LAWSUIT OF $329.4 MILLION
FOR
EXCESS GAS CONSUMPTION OF UNIT RAZI PETROCHEMICAL CO. IN IRAN,
GIVEN THE VARIOUS OPINIONS AND TECHNICAL ERRORS STATED IN THE
NEW EXPERT REPORT, IT HAS DECIDED TO PAY $59.4 MILLION WHICH IS
THE EXCESS CONSUMPTION AMOUNT
    * PARTIES MAY OBJECT WITHIN 20 DAYS FROM THE DATE ON WHICH
THE
COURT DECISION IS NOTIFIED TO THEM

        
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