US presses Turkey to cut more Iranian oil imports
The United States has pressed Turkey to follow up on a 20 percent cut in oil purchases from Iran with a further cut in six months time to help persuade Iran to quit stalling in talks over its nuclear programme, a US diplomat said on Tuesday.
The diplomat said Washington granted Turkey a 180-day exception from financial sanctions as a result of the initial cut made by Tupras, Turkey's sole refiner and a unit of Koc Holding, Today's Zaman quoted Reuters as reporting.
"So Turkey now has 180 days, Tüpraş has 180 days to take a look at its oil situation to decide - can it reduce further, can it get to zero? - what it needs to do," the diplomat said.
Secretary of State Hillary Clinton said on Monday the US would exempt India, South Korea, Turkey and four other countries from financial sanctions because they have significantly cut purchases of Iranian oil.
That means Turkey's Halkbank will be able to make payments to the Iranian Central Bank for oil shipments to Tüpraş without fear of being blacklisted by the United States.
After the 180 days, the US diplomat said, Washington will be looking for Tüpraş to make a further significant cut, without specifying how much.
"We didn't want to get into negotiating barrels," the diplomat said. "The whole point was we wanted countries to send a political message to Iran ... to really put pressure on Iran to get back to the table in terms of negotiating with P5+1, with the IAEA."
Turkey was Iran's fifth-largest customer in 2011, buying around 200,000 barrels per day of oil, which amounted to 30 percent of its total imports and more than 7 percent of Iran's oil exports.
Turkey cut its imports from Iran to 140,000 barrels per day in May from an average of 210,000 bpd in the first four months of this year, shipping data showed.
The diplomat told reporters the grace period, starting on June 11, should give Tüpraş time to find other suppliers and make the technical adjustments needed to handle a different mix of crude, noting that Tupras's contract with Iran ends in August.
Energy Minister Taner Yıldız said on Tuesday that talks were underway with Saudi Arabia to secure a long-term crude oil purchasing contract.