Turkey Not to Cut Oil Import from Iran - Minister

October 18, 2013

Turkey will take at least the same 5 million tonnes (100,000 barrel per day) of Iranian crude in 2014 that it is taking this year, as any more cuts in the volumes from Iran would "threaten" its economy, Reuters reported on October 17, citing the Turkish energy minister.

Turkey is also importing 10 billion cubic metres (bcm) of gas a year from Iran and would buy more if it was available, Taner Yildiz said in a briefing during the World Energy Congress in South Korea.

"Now we are importing about 5 million tonnes and if we (reduce more) than that, then that would threaten our energy supply security," said Yildiz.

Turkey's energy demand doubled in the last ten years and will double again in the next ten, he said.

Turkey is also ready to take more Iraqi gas to help meet its energy needs if Iraq increases its gas output, he said.

Copyright: Reuters, 2013