Turkey resumes Iranian crude oil imports

Turkey has resumed imports of Iranian crude oil after a one-month gap in November when US sanctions on Iran were reimposed, reports Reuters, citing trading and shipping sources.

The US has granted Turkey and other countries import waivers. Turkey said that under the waiver it was permitted to take 3m tonnes a year, equivalent to about 60,000 bpd.

Turkey used to import about 200,000 bpd of Iranian crude before Washington announced last year that it would pull out of the 2015 Iran nuclear deal and reimpose sanctions.

Turkey had reduced its imports from Iran in the months prior to sanctions, reaching zero in November.

In December Turkey reportedly took delivery of two tankers carrying Iranian crude, equivalent to about 54,000 bpd during December.

Tanker Solan delivered into the port of Aliaga, while tanker Sea Topaz I discharged at Tutunciftlik.

So far in January, Turkey is set to receive a cargo from Iran-owned tanker Sinopa, Refinitiv Eikon ship tracking showed.