Iran becomes Turkey’s biggest crude oil exporter, signals more gas sales
Turkey saw a massive increase of 142 percent in its crude oil imports from Iran in the first seven months of 2017, compared to the same period last year, according to data gathered from the Turkish energy watchdog’s monthly report published in late September.
Iran also signaled a rise in its gas exports to Turkey on Oct. 4 during Turkish President Recep Tayyip Erdoğan’s visit to Tehran.
Turkey imported 7.4 million tons in the first seven months of 2017 compared to 3 million in the January-July 2016 period, the Energy Market Regulatory Authority (EPDK) data showed, as reported by state-run Anadolu Agency on Oct. 4.
Iraq had been the biggest crude oil exporter to Turkey in the last three years, but in the January to July 2017 period, Iraq’s crude oil exports to Turkey decreased by 20.5 percent from 5.4 million tons to 4.3 million tons.
Last year, Turkey’s oil imports from these five countries represented 96.6 percent of the country’s total crude oil imports. Iraq supplied 9.2 million tons, Iran supplied 6.9 million tons, Russia supplied 3.2 million tons, Kuwait supplied 2.5 million tons and Saudi Arabia supplied 2.1 million tons.
More gas to Turkey
Iran will pump more natural gas to Turkey as part Tehran’s plans to expand its economic ties with its neighbor, Iranian President Hassan Rouhani told a joint news conference with his Turkish counterpart in Tehran, state TV reported on Oct. 4.
“During our meeting today, we agreed to widen our economic ties... Turkey will import more gas from Iran... meetings will be held next week to discuss the details,” Rouhani said after his meeting with Erdoğan.