Turkey’s Tupras renews annual Iran crude oil deal
Traders do not see Tupras buying extra canada goose clearance from Iran
LONDON, Dec 21 (Reuters) Turkey biggest crude oil importer Canada Goose online Tupras has renewed its annual deal to buy crude oil from Iran for 2012, at almost Canada Goose sale the same canada goose uk black friday volumes as this year, industry sources familiar with the matter said.
They said Tupras had no plans canadian goose jacket for now to purchase extra amounts from the Islamic canada goose uk outlet Republic.
have an annual contract with Iran for many years through which they buy crude. They renew that every year and it has been renewed for 2012, one industry source said.
Turkey purchases of Iranian crude have cheap canada goose uk become more Canada Goose Outlet crucial for the Islamic Republic, whose much needed revenues Canada Goose Jackets of crude sales are under the threat of an outright ban from the European Union, one of its uk canada goose major customers as the pressure on Tehran over its nuclear programme intensifies.
So far, crude oil sales have been excluded from the European buy canada goose jacket Union and United Nations sanctions. presidential election less than a canada goose outlet year buy canada goose jacket cheap away, anti Iran rhetoric has increased in Washington, and drawn support from its trading partners such as Europe and China, the top buyer of Iranian crude.
China top refiner Sinopec Corp said it will in January buy Canada Goose Online less than half the crude it imports from Iran.
There was talk among crude oil traders that Turkey might be the natural receiver of any additional oil Iran would be forced to sell in the event of a drop in its other buyers. But industry canada goose factory sale sources said Tupras had no such plans, at Canada Goose Coats On Sale least for now.
don think there is such an intention right now, one trading source said. has become much more commercial since its privatisation. canada goose coats on sale If Iranian crude makes economical sense, they might take on more, https://www.forcanadagoose.ru if not they wouldn uk canada goose outlet as simple as that, he added.
Greece has also been increasingly relying on Iran for most of its crude oil imports as fears that Athens might default on its debt canada goose clearance sale has deterred its regular suppliers like Russia, Azerbaijan and Kazakhstan.
Currently, Turkey and Greece are canada goose among the most reliant on Iranian crude, which makes up more than 30 percent of both countries total oil imports, according to data from the International Energy Agency (IEA).
Tupras purchased 7.41 million tonnes of crude oil from Iran in 2010, according to a presentation canada goose black friday sale on its canada goose uk shop website, which makes up for cheap Canada Goose almost 38 percent of the 19.6 million tonnes of crude it refined in 2010.
Analysts say this year the refiner is set to process nearly 21 million tonnes of crude while canada goose coats the percentage of Iranian crude is likely to rise to above 40 percent due to price advantage.
Another industry source said the amount that Tupras agreed to buy for 2012 was or less the same with that of this year which falls in line with the Canada Goose Parka analysts expectations.
Tupras is Turkey sole refiner with a total capacity canada goose store of 28.1 million tonnes in four refineries. Since its privatisation bid in 2005, it is owned by Turkey largest conglomerate Koc Holding. (Editing by James Jukwey).