NATO 'Ally' Turkey to Increase Crude Oil Imports from Iran.

NATO 'Ally' Turkey to Increase Crude Oil Imports from Iran.(Fars).

Turkey voiced interest in boosting its oil imports from Iran after Iran’s recent diplomatic victory in Geneva, Switzerland.

“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 Yıldız told CNBC-e television on Thursday.

“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 Once these sanctions are no longer in effect, I believe the amount we buy will hike,” he said.

He underlined that Turkey considers Iran as an important trade partner.

Last month, Iran's Ambassador to Turkey Alireza Bigdeli said Tehran and Ankara should identify and activate their latent and inactive trade capacities in a bid to further broaden the relations between the two friendly nations.

“There are a lot of areas between Iran and Turkey that we could trade, (and) we should revive those, too,” the Iranian envoy said in Ankara.

Also last month, Turkish Economy Minister Zafer Caglayan underlined that his country is ready to further expand economic and trade relations and exchanges with Iran.

The Turkish minister pointed to the willingness of his country’s companies and banks to enhance economic ties with Iran, and said, “All Turkish banks will be able to conduct transactions with Iran should the sanctions imposed against Tehran be eased in the wake of a recent deal between the Islamic Republic and the Sextet of world powers.”

He reiterated that Halkbank and other Turkish banks will announce their readiness to process Iran's foreign banking transactions soon.Hmmm......I've posted many, many times about the Turkish - Iran - Obama admin waiver scam.

Related:  

Obama admin gives again a sanction waiver to Iran's 'lifeline' Turkey.

"Sanctions that Benefit" - Turkey to import at least 5 mln Tonnes Iranian oil in 2014.

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.

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