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| The Grand Turk |
| Turkey doubles oil intake from Iran |
| 2017-03-31 |
| Turkey increased oil import from Iran more than two times in January 2017, compared to the same month of the previous year, Turkey’s Energy Market Regulatory reported. According to the report, Iran exported about 834,000 tons (about 199,083 b/d) of crude oil to Turkey in January 2017, while the figure for the same month in 2016 was 406,894 tons. The report also added that Turkey exported 643.193 tons of petroleum products to Iran in January 2017, while the figure for January 2016 was only 34.825 tons. Iran and P5+1 Group (US, UK, France, Russia, China + Germany) reached a nuclear agreement, which was implemented in January 2016 and removed sanctions (imposed in 2012) on Iran. Before sanctions, Iran exported about 9.287 million tons (188,000 b/d) to Turkey in 2011, about 27 percent more than 2010, but after sanctions, the volume decreased significantly. |
| Posted by:Steve White |