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August 12, 2010       Share:    

Source: http://af.reuters.com/article/energyOilNews/idAFLDE67A14K20100811?sp=true

Turkey Backs Gasoline Sales to Iran Despite Sanctions

(Reuters) Orhan Coskun - Turkey will support gasoline sales by Turkish companies to Iran despite U.S. sanctions, Energy Minister Taner Yildiz said Wednesday. Any firms that sell gasoline to Iran could face retribution including a possible ban from accessing the U.S. financial system or denial of U.S. contracts, according to a document from the U.S. Treasury. Tupras, Turkey's sole refiner and gasoline exporter, buys 33% of its crude from Iran. A Tupras official said, "For us, Iran is more important than America, because we get crude oil from them. We don't get anything from America."

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