Wednesday 1 August 2012

Turkey: weaning off Iranian oil | beyondbrics

Six months of intense pressure from Washington to persuade Turkey to reduce its oil imports from Iran have apparently paid off.

Figures released on Tuesday by Turkey’s state statistics office TUIK indicate that of the 1.87m tonnes of crude Turkey imported in June only 684,000 tonnes – 37 per cent came from Iran. This is a significant drop on last year when Turkey sourced 51 per cent of its crude from Iran, and on March this year when imports from Iran peaked at 68 per cent of total imports.

The drop comes only a month after Turkey’s sole crude oil importer, oil refiner Tupras, was awarded a 180 day waiver by Washington allowing it to continue importing Iranian crude.

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