HomeEconomyOctober 04 2017 13:01:0
Iran becomes Turkey’s biggest crude oil exporter, signals more gas sales
Turkey saw a massive increase of 142 percent in its crude oil imports from Iran in the first seven months of 2017, compared to the same period last year, according to data gathered from the Turkish energy watchdog’s monthly report published in late September.
Iran also signaled a rise in its gas exports to Turkey on Oct. 4 during Turkish President Recep Tayyip Erdoğan’s visit to Tehran.
Turkey imported 7.4 million tons in the first seven months of 2017 compared to 3 million in the January-July 2016 period, the Energy Market Regulatory Authority (EPDK) data showed, as reported by state-run Anadolu Agency on Oct. 4.
Iraq had been the biggest crude oil exporter to Turkey in the last three years, but in the January to July 2017 period, Iraq’s crude oil exports to Turkey decreased by 20.5 percent from 5.4 million tons to 4.3 million tons.
Turkey imported 24.9 million tons of crude oil in total, mainly from Iraq, Iran, Russia, Kuwait and Saudi Arabia.