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June 6, 2012       Share:    

Source: http://english.alarabiya.net/articles/2012/06/05/218729.html

Turkey Steeply Cuts Iran Crude Imports

(Reuters-Al-Arabiya) Turkey has steeply cut oil imports from Iran in May and June, a source at the country's sole refiner told Reuters, to avoid U.S. sanctions. A sharp drop in crude prices in May below $100 a barrel is a further blow for Tehran. EU imports of Iranian crude fell to around 350,000 bpd in April from over 700,000 bpd last year, trade data compiled by Reuters showed.

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