Riyadh, Baghdad Benefit As Turkey Weans Itself Off Iranian Crude
Having initially been somewhat noncommittal on whether it would abide fully by Western-led sanctions on Iranian crude, Turkey announced late last month it had agreed to comply with the sanctions and reduce its crude oil imports from Iran.
Officials in Ankara said the country’s refineries would aim to reduce their imports of Iranian crude oil by 22% this year compared to 2012 levels,...