ENERGY - Turkey eyes more Iran gas, ‘can’t cut off oil’:
"Turkey is importing 10 billion cubic meters (bcm) of gas a year from Iran but would buy more if it were available, Turkish Energy Minister Taner Yıldız said yesterday in a briefing during the World Energy Congress in South Korea.
The country will also take at least the same 5 million tons (100,000 barrel per day) of Iranian crude in 2014 that it is taking this year, as any more cuts in the volumes from Iran would “threaten” its economy, Yıldız said.
The European Union and the United States believe Iran is developing nuclear weapons, while Tehran says its program is for power generation. Western sanctions over Iran’s nuclear program have cut its oil exports in half from pre-2012 levels and cost it billions of dollars a month in lost revenue."
'via Blog this'
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