Turkey's Tupras reduces Iranian crude purchases as U.S. sanctions loom
Humeyra Pamuk & Julia Payne, Reuters
July 25, 2018
Who was cited:
Cuneyt Kazokoglu, Director of Long-Term Oil Service & Head of Oil Demand FGE
Turkey’s biggest oil importer Tupras has cut back purchases of Iranian crude since May, when the United States said it would re-impose sanctions on Tehran, and analysts say Tupras is likely to stick to lower volumes in coming months.