Turkey not the 'exemption' but the 'Exception' in Obama's sanctions policy.

Turkey not the 'exemption' but the 'Exception' in Obama's sanctions policy.(HD).Turkey has struck a 1 million ton oil supply deal with Libya after reducing imports of Iranian crude under pressure from the United States and the international community, the Turkish energy minister said yesterday. Turkey’s oil refiner Tüpraş agreed to the deal with Libya and has also started negotiations with Saudi Arabia for a long-term contract, Yıldız said. The move comes after the United States said earlier that it would exempt seven emerging economies, including Turkey, from tough new sanctions after they cut oil supplies from Iran. U.S. Secretary of State Hillary Clinton added India, Malaysia, South Africa, South Korea, Sri Lanka and Taiwan to the list of those exempt from the sanctions.
However, Reuters quoted a U.S. diplomat as saying that Turkey’s position did not stem from an exemption but was an exception. Tüpraş may pay 180 days more to the Iranian central bank over Turkey’s Halkbank, the diplomat said. The U.S. was observing whether Turkey would renew an oil contract with the Islamic republic by the end of August, the agency also quoted him as saying. Turkey has also been working on a project with Venezuela for months, under which the South American country would provide oil products to Turkey in exchange for the construction of housing there.Read the full story here.

U.S. exempts seven countries that consume Iran oil from sanctions.
Obama administration officials didn't say how much the seven countries had cut their oil purchases. In March, U.S. officials signaled that they were seeking reductions of 15% to 22% of purchases.

Several large countries, including India and Turkey, said publicly that they were reluctant to reduce imports of Iranian oil because of their long reliance on the Islamic regime. They appear to have met the minimum level of cooperation that Washington demanded, however.How Much did Turkey actually 'reduce' it's inports??

Answer:
Before May, Turkey was the only buyer in Europe to increase purchases from Iran, while other European refiners cut back on imports of the crude ahead of an impending EU oil embargo due to take effect from July 1.In the first four months of 2012, Turkey imported 210,000 barrels per day of Iranian oil on average, including a huge 270,000 bpd in March, much higher than its 2011 average of 185,000 bpd.

In May Turkey's state-controlled refining company, Tupras, imported around 140,000 barrels per day (bpd), a 20 percent drop from its 2011 average, according to the latest shipping data, obtained by Reuters. Port data showed 152,000 tonnes of Iranian crude was delivered to the port of Aliaga in May, while 443,000 tonnes of Iranian crude was delivered to its second import terminal, Tutunciflik. Tupras is expected to import the same volume in June.
From July 1, Turkey will remain effectively the sole buyer of Iranian crude in Europe. Official trade data showed that in the first four months of this year, Iran accounted for about 58 percent of Turkey's near 6 million tonnes in total crude imports. 
They first INCREASED their imports in order to pretend later on to lower their imports!


THIS REDUCTION IS A PURE SMOKESCREEN APPROVED BY THE OBAMA ADMIN!