How Obama's BFF 'Islamist' Turkey will benefit from lifting of Iran sanctions

How Obama's BFF 'Islamist' Turkey will benefit from lifting of Iran sanctions. (AA).

Riza Eser, chairman of the Turkey-Iran Business Council, said the $13.7 billion volume of trade in 2014 could climb to $30 billion in two years.

Turkey also buys crude oil from Iran, which owns 10% of global oil reserves. Iran was meeting 51% of Turkey’s oil demand, but the import patterns have changed with the embargo and US pressure on Turkey to curtail its oil purchases from Iran and the beginning of oil flow from northern Iraq to Turkey’s Ceyhan. Imports from Iran declined to 28.5% of Turkey’s oil purchases, while the oil bought from Iraq went up to 32% from 10%, making northern Iraq Turkey's main supplier of oil.

According to the ministry, about a hundred Turkish companies are active in Tehran. In Tabriz, 38 Turkish investments are active in the country’s only foreign investment zone. Forty percent of Iran’s population are Azeris of Turkic origin. Turkish television programs are watched widely all over the country, meaning a large segment of the population speaks Turkish and is interested in Turkish products.

The current Preferential Trade Agreement will also help expand the volume of trade to Iran, raising hopes of higher sales of goods, chemicals, automotive products and iron-steel products  Hmmmm....Turkey was always the 'lifeline' of Iran with the knowledge of the Obama 'Admin' they should never have received a oil waiver. While making life more difficult for EU firms they made sure 'Islamist' Turkey could benefit. 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. 
THIS REDUCTION IS A PURE SMOKESCREEN APPROVED BY THE OBAMA ADMIN!