Turkish Minister of Energy and Natural Resources Taner Yildiz said that Turkey is not going to buy less than 105,000 barrels of Iranian oil a day.
Turkish TUPRAS oil refining company has earlier imported 130-140 barrels of Iranian oil a day, Minister said.
Turkey and Iran intend to renew the agreement on oil deliveries, because it has expired in August 2013.
Next year just like this year Turkey will buy about 5 million tons of oil in Iran (100,000 barrels a day).
In the past 10 years demand in energy carriers in Turkey has doubled and in the coming ten years it will double again, reported Iran.ru.—0—
Economics
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Azerbaijan’s ADY Express, a subsidiary of Azerbaijan Railways CJSC, signed several strategic agreements on the sidelines of the Logitrans Türkiye 2024 exhibition in Istanbul, Turkey, reinforcing its commitment to expanding freight transport services along the Middle Corridor.
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Azerbaijan plans to establish state-of-the-art battery storage facilities for green energy with a total capacity of 350 MW within the next 4-5 years, a well-informed source in the Ministry of Energy told Turan.
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Shareholders of the Caspian gas condensate "Absheron" project plan to approve the Front End Engineering Design (FEED) in December, laying the groundwork for full-scale development of the field, an informed source told Turan.
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In 2024, Europe will receive approximately 12.5 billion cubic meters of gas from Azerbaijan, with the list of buyers expanding to 12 countries. Speaking at an energy forum in Istanbul on Friday, SOCAR President Rovshan Najaf announced that cooperation with a 12th, new gas buyer would begin in December.
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