Turkey to hike Iran oil imports after nuke deal

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 Once these sanctions are no longer in effect, I believe the amount we buy will hike,” he said, adding that Turkey couldn’t ignore Iran, which had one of the world’s three largest oil reserves, and was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.



“Although it is not possible to match the previous levels of imports, I believe our purchases from Iran could go up to 130,000 bpd or to 140,000 bpd,” he said, adding that Turkey bought natural gas from five countries and oil from 12 countries.

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