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"Bloomberg": Turkey turns into Iraq after tightening sanctions on Iran[/size]
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6 hours ago
The agency quoted two well-informed sources as saying that Turkey is considering the import of crude oil from the southern port of Basra, in addition to increasing supplies through the Kirkuk-Ceyhan pipeline, which links the Kirkuk fields of Iraq and the Turkish port of Ceyhan overlooking the Mediterranean Sea.
The agency pointed to the visit of Turkish Foreign Minister Mouloud Chaochoglu Sunday to Iraq, where he met in Baghdad and Basra with Iraqi officials, and on Monday in Erbil met with representatives of the Kurdistan Regional Government of Iraq.
After the announcement by Washington to end the exemptions from its sanctions on Iranian oil, Ankara expressed its opposition to the decision, and said the foreign minister said the US decision on Iranian oil has crossed the border, and that his country "opposes such steps and dictates."
Last week, Turkey announced that it was working with Iran to develop a mechanism to circumvent US sanctions aimed at halting trade with Tehran. Although Turkey has long advocated its eastern neighbor as a strategic necessity, confronting US sanctions could be risky.
Washington's sanctions on Tehran could have a negative impact on the Turkish economy, which last year entered its first recession in a decade, and the prospect of rising oil prices due to US sanctions on Iran or the risk of confrontation with the United States does not bode well for the Turkish currency, Bloomberg said. She has been in trouble for weeks.
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"Bloomberg": Turkey turns into Iraq after tightening sanctions on Iran[/size]
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6 hours ago
"Turkey is looking for ways to increase its purchases of Iraqi oil after the US decision to end the exemptions granted to a group of countries, including Turkey to buy Iranian oil," the Bloomberg news agency reported.
[size]The agency quoted two well-informed sources as saying that Turkey is considering the import of crude oil from the southern port of Basra, in addition to increasing supplies through the Kirkuk-Ceyhan pipeline, which links the Kirkuk fields of Iraq and the Turkish port of Ceyhan overlooking the Mediterranean Sea.
The agency pointed to the visit of Turkish Foreign Minister Mouloud Chaochoglu Sunday to Iraq, where he met in Baghdad and Basra with Iraqi officials, and on Monday in Erbil met with representatives of the Kurdistan Regional Government of Iraq.
After the announcement by Washington to end the exemptions from its sanctions on Iranian oil, Ankara expressed its opposition to the decision, and said the foreign minister said the US decision on Iranian oil has crossed the border, and that his country "opposes such steps and dictates."
Last week, Turkey announced that it was working with Iran to develop a mechanism to circumvent US sanctions aimed at halting trade with Tehran. Although Turkey has long advocated its eastern neighbor as a strategic necessity, confronting US sanctions could be risky.
Washington's sanctions on Tehran could have a negative impact on the Turkish economy, which last year entered its first recession in a decade, and the prospect of rising oil prices due to US sanctions on Iran or the risk of confrontation with the United States does not bode well for the Turkish currency, Bloomberg said. She has been in trouble for weeks.
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