LONDON (Reuters) – Turkey has resumed imports of Iranian crude oil after a one-month hiatus in November when U.S. sanctions on Iran were reimposed, trading and shipping sources said.
The United States granted Turkey and other countries import waivers in early November. Turkey said it was permitted to take 3 million tonnes a year, equivalent to about 60,000 barrels per day (bpd), under the waiver.
Turkey used to import about 200,000 bpd of Iranian crude before Washington announced last year that it would pull out of the 2015 Iran nuclear deal and reimpose sanctions.
Turkey had reduced its imports from Iran in the months prior to sanctions coming into force in early November. Its imports fell to zero in November.