Energy minister Yildiz: Turkey to continue import oil from Iran.

By bne IntelliNews March 22, 2012
Energy minister Taner Yildiz said that Turkey was not currently on the US waiver list but this did not mean Turkey would not be included. The Obama administration earlier this week announced a list including Japan and 10 EU countries, exempting those countries from Iran sanctions. Yildiz explained that local company TUPRAS imported oil from Iran and currently talks were carried out at the level of companies. The minister said that TUPRAS would not stop buying oil from Iran until the company found new suppliers to replace Iran. Turkey imports around daily 200,000 barrels of oil from Iran. On a related note, Turkish officials told Reuters that PM Recep Tayyip Erdogan may raise the issue with US President Barack Obama during a summit in South Korea later this month.

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