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Turkey increases Iran oil imports 2.6 times in May

Business Materials 3 August 2017 13:46 (UTC +04:00)

Baku, Azerbaijan, Aug 3

By Emil Ilgar – Trend:

Turkey had increased oil import from Iran 2.6 times to 276,840 barrels per day in May year-on-year. Nevertheless, oil imports in May decreased by about 4 percent compared to April.

According to the report, released by Turkey’s Energy Market Regulatory Body, country’s oil import from Iran in January-May increased 2.2 times to 4.8218 million tons or 229,625 b/d.

Turkey decreased Iranian oil intake in view of sanctions in 2013-2015, but in 2016 resumed and in four months of 2017 increased the volumes to the above pre-sanctions level.

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