U.S. renews waivers of Iran sanctions for Japan, EU nations, No Word on Obama's BFF Turkey who does whatever it feels like.

U.S. renews waivers of Iran sanctions for Japan, EU nations, No Word on Obama's BFF Turkey who does whatever it feels like.(Reuters).
The renewal means banks in the 11 countries have been given a second 180 day reprieve from the threat of being cut off from the U.S. financial system under the sanctions designed to choke funding to Iran's nuclear program. The West suspects Iran is trying to develop nuclear weapons. Tehran insists the program is for civilian purposes. The sanctions law President Barack Obama signed in 2011 requires a review every six months of the waivers, which were given to all of Iran's major buyers throughout 2012. Japan, the world's third largest oil consumer, had taken significant steps to reduce purchases of Iranian crude, Clinton said. The cuts were "especially notable considering the extraordinary energy challenges" Japan faced after the 2011 Fukushima nuclear disaster, she said in a statement. Since then, Japan has had to burn more diesel fuel. In March, Japan was the first of Asia's top four buyers of Iranian crude to receive a U.S. waiver from the sanctions. Since then Japan has made deeper cuts in crude purchases from Iran. The State Department renewed exemptions on Friday to Belgium, the Czech Republic, France, Germany, Greece, Italy, the Netherlands, Poland, Spain, and the United Kingdom. The European Union implemented a full embargo on Iranian crude and petroleum products on July 1.Hmmm.....Sanctions that Benefit Obama's BFF Turkey.Read the full story here.

Related: "Sanctions That Benefit Obama's BFF Turkey" - Iran Bypassing Sanctions on its Oil, Aided by Asian Customers and the Obama Admin.

Related: As expected Obama will give BFF Turkey a waiver from sanctions, they 'only' import 45 percent of their oil from Iran and aid Iran avoiding sanctions.

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