All tagged Mevlut Cavusoglu
◢ Turkey is seeking ways to buy more oil from Iraq, already a major supplier of crude to the Middle East’s biggest economy, as the U.S. looks to squeeze exports from Iran, according to two people familiar with the matter. Turkey could consider oil imports from Iraq’s southern port of Basra and may also try to secure more shipments via an existing twin pipeline that runs to the Turkish Mediterranean terminal of Ceyhan.
◢ Turkey is loath to buy more oil from Saudi Arabia and the United Arab Emirates as the U.S. looks to squeeze exports from Iran, currently the third-largest supplier of crude to the Middle East’s biggest economy. “Iranian oil isn’t cheap but there is a big difference” with the price of Saudi and U.A.E crude, Turkish Foreign Minister Mevlut Cavusoglu said at a reception in Ankara.
◢ Turkey has warned Washington against its new sanctions on Iran, saying isolating the Islamic Republic is "dangerous.” Turkish Foreign Minister Mevlut Cavusoglu said Tuesday. Washington this week imposed a second set of sanctions on Iran that aim to isolate the country's banking sector and slash its oil exports. Eight countries including Turkey have received a US waiver to continue importing Iranian oil.