Turkey granted 25 percent waiver on U.S. Iran oil sanctions: minister

ANKARA

Turkey has been granted a waiver of around 25 percent on U.S. oil sanctions against Iran, Turkish Energy Minister Fatih Dönmez said on Nov. 9, amounting to around three million tons of oil annually.

Speaking in an interview with broadcaster NTV, Dönmez said oil refiner Tüpraş was looking at alternatives to avoid any market difficulties.
“The 25 percent figure is approximate and Ankara has not yet received an exact figure,” he said, as quoted by Reuters.

He also said Turkey still had a contract to buy natural gas from Iran for five to six years and added that Ankara would continue to buy gas from Tehran.

Washington has pledged to eventually halt all purchases of crude oil from Iran globally but for now it said eight countries - China, India, South Korea, Japan, Italy, Greece, Taiwan and Turkey - can continue imports without penalty for at least another six months. Crude exports contribute one-third of Iran’s government revenues.