Turkey resumes Iranian oil imports after one-month break

Turkey has resumed importing oil from neighbour Iran after a one-month suspension brought about by the introduction of U.S. sanctions, Reuters reported.

The country took delivery of about 54,000 bpd of Iranian crude in December via two tankers. Imports had fallen to zero in November, Reuters said, citing trading and shipping sources.

Turkey had previously imported about 200,000 bpd of the oil prior to the new U.S. measures, which went into force in November. Washington has given Turkey and several other countries import waivers and Turkey says it can buy 60,000 bpd under the new regime.

In January, Turkey plans to receive a cargo from the Iranian-owned tanker Sinopa, Reuters reported.

Turkey has objected to U.S. sanctions on Iran, with which it enjoys close trade relation.

Turkish officials and oil refiner Tupras were not immediately available to comment on the movement of Iranian crude, Reuters said.

https://uk.reuters.com/article/us-turkey-iran-oil/turkey-resumes-iranian-oil-imports-under-u-s-sanctions-waiver-idUKKCN1P21AD