Economics
Turkey Will Cut Imports of Iranian Crude 22% to Meet Sanctions
This article is for subscribers only.
Tupras Turkiye Petrol Rafinerileri AS, Turkey’s only oil refiner, will cut imports of crude oil from Iran this year 22 percent to 5.6 million tons, or 105,000 barrels a day, to comply with sanctions.
The U.S. extended exemptions to sanctions against Iran’s nuclear program to countries dependent on Iranian crude for another six months from June, Tupras Chief Executive Officer Yavuz Erkut said yesterday. Iran is Turkey’s largest supplier.