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Turkey to cut oil purchases from Iran by 10pc

Published Updated

ISTANBUL: Turkish Energy Minister Taner Yildiz said on Friday Turkey will reduce the amount of oil it buys from Iran by around 10 percent, replacing it with oil from Libya, from which it plans to purchase one million tonnes of oil.

Turkey is also in talks with Saudi Arabia on spot oil purchases and longer term contacts, Yildiz told reporters.

Copyright Reuters, 2012

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