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Sunday, December 2, 2012

"SANCTIONS THAT BENEFIT" - Turkish Daily Oil Imports from Iran Exceed 75,000 Barrels in October.

"SANCTIONS THAT BENEFIT" - Turkish Daily Oil Imports from Iran Exceed 75,000 Barrels in October.(IMRA).TEHRAN - The latest trade data showed that Turkey has imported over 75,000 barrels of crude oil from Iran per day in October irrespective of the western oil embargo against Tehran. A report by Reuters said on Friday that Turkey's crude oil imports from Iran reached 75,281 barrels per day (bpd) in October, and Iran is now the third crude supplier to Turkey.
The report said that Iraq was Turkey's biggest crude supplier in October with 105,000 bpd while Russia came second with 103,248 bpd and imports from the Islamic Republic stood third. Turkey's sole refiner Tupras imported a total of 417,202 bpd of crude oil in October. The report came after Turkish Energy Minister Taner Yildiz stressed Turkey's opposition to unilateral sanctions against Iran. Yildiz stated on Thursday that Turkey is a member of the United Nations and while complying with UN decisions, it does not abide by unilateral sanctions imposed by other countries. He also emphasized the importance of oil and gas imports from Iran to Turkey, saying that Ankara reviews decisions that are against Turkey's interests with more precision. Since the beginning of 2012, the United States and the European Union have imposed illegal sanctions on Iran's oil and financial sectors with the goal of preventing other countries from purchasing Iranian crude and conducting transactions with the Central Bank of Iran. The sanctions entered into force in early summer 2012. On October 15, the EU foreign ministers reached an agreement on another round of sanctions against Iran. The illegal US-engineered sanctions have been imposed based on the unfounded accusation that Iran is pursuing non-civilian objectives in its nuclear energy program.Hmmm......Obama's BFF Erdogan.Read the full story here.

Related: 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.

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??

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.

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

"Sanctions that Benefit" - Iran buys Turkish gold via UAE, economists say.

Total of Gold export by Turkey

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