Turkey Granted 25% Waiver On U.S. Iran Oil Sanc­tions

Iran News - - FRONT PAGE -

ANKARA (Dis­patches) - Turkey has been granted a waiver of around 25 per­cent on U.S. oil sanc­tions against Iran, Turkish En­ergy Min­is­ter Fatih Dön­mez said, amount­ing to around three mil­lion tons of oil an­nu­ally.

Speak­ing in an in­ter­view with broad­caster NTV, Dön­mez said oil re­finer Tüpras was look­ing at al­ter­na­tives to avoid any mar­ket dif­fi­cul­ties. “The 25 per­cent fig­ure is ap­prox­i­mate and Ankara has not yet re­ceived an ex­act fig­ure,” he said, as quoted by Reuters.

He also said Turkey still had a con­tract to buy nat­u­ral gas from Iran for five to six years and added that Ankara would con­tinue to buy gas from Tehran. Wash­ing­ton has pledged to even­tu­ally halt all pur­chases of crude oil from Iran glob­ally but for now it said eight coun­tries - China, In­dia, South Korea, Ja­pan, Italy, Greece, Tai­wan and Turkey - can con­tinue im­ports with­out penalty for at least an­other six months. Crude ex­ports con­trib­ute one-third of Iran’s govern­ment rev­enues.

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