Turkish Trade Minister Ruhsar Pekcan
Turkish Trade Minister Ruhsar Pekcan said on Saturday that Turkey has received initial indications that it will be among eight countries to be granted a waiver from U.S. sanctions against Iran, but is awaiting clarification on Monday.
NATO member Turkey depends heavily on imports to meet its energy needs and neighbouring Iran has been one of its main sources of oil because of its proximity, the quality of its crude and favourable price differentials.
"Initial information coming in is that Turkey will be amongst eight exempt countries. But we don't know for sure yet. It will be clear on Monday," Pekcan told reporters in Ankara.
Iran said on Friday that it had no concerns over the reimposition of new U.S. sanctions on the country's vital oil and financial sectors, expected to be announced by Washington on Nov. 4."America will not be able to carry out any measure against our great and brave nation ... We have the knowledge and the capability to manage the country's economic affairs," Iran's Foreign Ministry spokesman Bahram Qasemi told state TV. Russian oil producer Zarubezhneft quits Iran projects due to sanctionsUS oil sanctions on Iran threaten 'paralyzed' economyIran says report of US oil waivers shows market needs Iranian crudeUS grants eight countries Iran sanctions waivers
Iran has no concerns over reimposition of new US sanctions: ministry official
The OMV Petrol Ofisi Holding A.Ş., a subsidiary of Vitol Investment Partnership Ltd., refused to provide fuel to Iranian airplanes in Turkey, according to reports.Earlier, Bloomberg reported that U.S. government had agreed to let eight countries, including close allies South Korea and Japan, as well as India, keep buying Iranian oil after it reimposes sanctions on Tehran from next week.Turkey’s Energy Ministry said on Friday it had heard rumors of waivers but added it had not received written notification of any exemption on buying Iran oil after the United States reimposes sanctions on Tehran on Nov. 5.Bloomberg also reported that Tüpraş, which is Turkey's largest industrial enterprise, expects for an exemption from U.S. sanctions. US oil sanctions on Iran threaten 'paralyzed' economyIran says report of US oil waivers shows market needs Iranian crudeIsraeli official says Khashoggi death 'despicable', but Iran greater challengeUS grants eight countries Iran sanctions waivers
Iranian planes refused fuel in Turkey