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Turkey exempted from Iran sanctions: Turkish Minister

Recep Tayyip Erdoğan, a Turkish  President of Turkey
Recep Tayyip Erdoğan, a Turkish President of Turkey

Turkey's Energy and Natural Resources Minister Fatih Donmez has stated that they have an information that Turkey will be granted waiver from the U.S. oil sanctions against Iran, but they don't have all the details yet. 

Mike Pompeo declared that 8 countries including Turkey would be granted waivers from the U.S. oil sanctions against Iran, Donmez told reporters at Turkish parliament, Anadolu Agency reported on Monday.

"I want to express my pleasure for this statement. We always stated that such sanctions could negatively impact peace, stability and economies in neighboring countries like Turkey and we elaborated this reality during the talks with U.S. officials," he said.

He added that they also stressed the importance of gas and oil trade with neighboring countries for Turkey's supply security.

Turkey imports almost nearly half of its oil needs from neighboring Iran. The country also imports oil via pipelines from Iraq and Azerbaijan. However, geographical proximity and stable transport routes facilitate oil trade between Ankara and Tehran.

"Now it is understood that what we said during these talks was accepted at some point. I think that this outcome will contribute to peace and stability in the region. The information we have now is showing that Turkey is included among these 8 countries but we received no further details yet. However, I can say that this decision is pleasing," Donmez said.


Last Modified: Monday، 05 November 2018 12:58 PM