
ANKARA, Turkey, June 13 (UPI) -- The Turkish government announced it landed an oil supply deal with Libya after opting to cut back on crude oil deliveries from Iran.
Turkey was among the seven countries named by the U.S. State Department as getting relief from sanctions targeting Iran's energy sector after "significantly" reducing the amount of oil it gets from Iran.
Turkish Energy Minister Taner Yildiz said Ankara reached an oil supply deal with Libya for around 7 million barrels. An oil deal between Turkey and Saudi Arabia may be close behind, reports Turkish new service Hurriyet.
Libyan oil production is close to levels attained before last year's war. One of Africa's top oil producers, civil war shut down most of the country's oil sector last year.
U.S. Secretary of State Hillary Clinton said that the move away from Iranian crude oil sent a "decisive message" to Iranian leaders that the international community was serious about deterring Tehran's nuclear ambitions.
Washington accuses Iran of pursuing the technology needed to produce a nuclear weapon, an allegation the Iranian government denies.
Yildiz said in February that Western sanctions don't apply to Turkey.
|
|
|
|
|
|
| Additional Energy Resources Stories | |
ALGIERS, Algeria, May 24 (UPI) --
Algeria's government is under pressure to ease its foreign energy investment laws after BP warned it may delay important projects in the North African state.
|
ARLINGTON, Va., May 24 (UPI) --
BAE Systems has received a two-year contract extension from the U.S. Army Space and Missile Defense Command to support its Future Warfare Center.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption