Turkey granted 25 percent waiver on US Iran oil sanctions

TEHRAN, Nov. 11 (MNA) – Turkey has been granted a waiver of around 25 percent on US oil sanctions against Iran, Turkish Energy Minister Fatih Dönmez said on Nov. 9, amounting to around three million tons of oil annually.

Speaking in an interview with broadcaster NTV, Dönmez said oil refiner Tüpraş 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.

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.

Turkey is the largest customer of Iran’s natural gas. A 25-year gas contract was inked between Iran and Turkey in 1995, so that Iran’s gas export to Turkey has started since 2002.

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News Code 139504

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