Turkey Buys Netback Crude from Iran
Turkey has reached agreement with Iran on the purchase of 6mn tons of Iranian crude this year (120,000 b/d) on a netback price basis. Newspaper reports from Ankara quote Turkish Foreign Trade Undersecretary Ekrem Pakdemirli as saying that other netback deals with Iraq, Saudi Arabia, Algeria and the Soviet Union mean that most of Turkey's 15mn ton import requirement for 1986 had now been covered.
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