Iranian nuke deal can give impetus to Turkey's import of Iran oil

Turkey could increase its oil imports from Iran to 130,000-140,000 barrels per day (bpd), from around 105,000 bpd in a gradual manner, if Western sanctions against Iran ease, Turkish Energy Minister Taner Yildiz said during a live interview on CNBC-e television yesterday.

“We have already reduced our imports to around 105,000 [bpd] due to the sanctions. Once these sanctions are no longer in effect, I believe the amount we buy will hike,” he said, adding that Turkey couldn’t ignore Iran, which had one of the world’s three largest oil reserves, and was Turkey’s second biggest oil supplier after Russia.

Turkey cut dramatically its oil imports from Iran from a previously contracted volume of 180,000 bpd last year after a European Union embargo against Iran came into full force on July 1, which also targeted marine insurance.


/HurriyetDailynews/