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You are here: Home»Markets»Energy»Middle East & Africa»Turkey may raise Libya oil imports to meet Iran shortfall

oil213ALGIERS: Turkey may increase its crude oil imports from Libya to above 1 million tonnes a year to make up for lower imports from Iran, which is under US sanctions, Turkish Energy Minister Taner Yildiz said on Saturday.

 

"We can meet the oil demand (via) Libya now that supply from Iran is decreasing. The amount of oil we buy from there may increase above 1 million tonnes," Yildiz told reporters during a trip to Algiers.

 

Center>Copyright Reuters, 2013


 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln