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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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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln