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Tuesday, June 12, 2012

Turkey in Talks with Saudis on Oil Purchase

Turkey has begun talks with Saudi Arabia on long-term crude oil purchases, Turkish Energy Minister Taner Yildiz said today.

“Talks with Saudi Arabia on long-term crude oil purchases have started… Talks are still going on; they (Tupras and Saudi Aramco)will discuss the quantities between them," Yildiz told reporters [Reuters, 12 June].

Tupras refiner is Turkey’s main importer of Iranian crude. Meanwhile, the price of oil hit an eight-month low. Brent crude for July delivery was at $97.37 per barrel on London’s ICE Futures exchange.
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1 comment:

  1. AnonymousJune 12, 2012 at 7:22 PM

    They're getting more richer while our country is getting poorer.
    With a worthless rial and a bankrupt economy our country is surrounded by wolves ready to consume Iran.
    The present system in Iran needs to be overthrown and the power handed back to the educated and patriotic people.

    ReplyDelete