Turkey: Ankara Starts Buying Iraqi Crude

Turkey: Ankara Starts Buying Iraqi Crude

December 11, 2014 | 17:02 GMT

Turkey’s sole oil refiner Tupras has started purchasing Iraqi crude oil, Turkish Energy Minister Taner Yildiz said, Reuters reported Dec. 11. Yildiz added that a combined 550,000 barrels of oil per day will flow to Turkey from Iraq’s national government and from the Kurdistan Regional Government. The KRG reached an agreement with Iraq’s federal government in early December on oil exports.