Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Sisi calls for boosting oil & gas investment to ease import burden    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    58 days that exposed IMF's contradictions on Egypt    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Turkey says no new US request to cut Iran oil imports
Tureky received no new requests from the U.S to extend economic sanctions on Iran
Published in Ahram Online on 05 - 12 - 2012

Turkey has not received any new request from the United States to reduce the level of its crude oil purchases from Iran and is continuing with its existing level of imports, Turkish Energy Minister Taner Yildiz told Reuters on Wednesday.
In June Washington exempted Turkey, along with six other countries, from financial sanctions on Iran's oil trade for six months in return for a 20 percent cut in Ankara's purchases.
Last week, the U.S. Senate approved expanded sanctions on global trade with Iran's energy and shipping sectors as it continued to ratchet up economic pressure on Tehran over its nuclear programme.
The new package kept in place exemptions for countries including Turkey that have made significant cuts to their purchases of Iranian crude oil.
"There is no new demand from the USA to reduce the amount of crude oil which we get from Iran," Yildiz said.
"Whatever the current process is for purchasing crude oil from Iran, we are continuing that in the same way," he added.
Official trade data last month showed Turkey's crude oil imports from Iran fell by more than 30 percent to 75,281 barrels per day (bpd) in October from September as volumes of oil from other suppliers including Iraq and Saudi Arabia increased.
The Islamic Republic, which once supplied more than 60 percent of Turkey's crude requirements, ranked third in October behind Iraq and Russia.
Washington says Tehran is enriching uranium to levels that could be used in nuclear weapons. Iran says the programme is for peaceful purposes.
In natural gas, Turkey accounts for about 90 percent of exports from Iran, which ranks second as its supplier behind Russia.
Yildiz told reporters in parliament that Turkey had held talks with the United States on the subject and that Washington had agreed not to impose sanctions on its natural gas purchases from Iran.
"We said to them, if you tell us not to buy gas from Iran, that would be a sanction on Turkey and not on Iran. They agreed not to include natural gas agreements in the sanctions," Yildiz said.
Turkey pays for the gas using Turkish lira, which Tehran uses to buy Turkish gold. Couriers carry the gold to Dubai and from there, it is shipped to Iran.
Separately, Yildiz said Turkey's energy investments in Iraq were continuing as planned.
His comments came a day after a plane carrying him to a conference in Iraqi Kurdistan was denied permission to land.
Iraq's central government in Baghdad, which has been locked in a feud over oil and land rights with the Kurdistan Regional Government (KRG) in the north, has been riled by Turkey's recent moves aimed at forging closer ties with the Iraqi Kurds.


Clic here to read the story from its source.