Turkey Turns To Iraq To Replace Iranian Barrels
Iraq has replaced Iran as the largest supplier of crude to Turkey for each of the four months leading to July. As recently as the first half of 2012 Iran regularly supplied over half of Ankara’s typical 350,000-400,000 b/d crude imports.
The rising proportion of Iraqi crude comes despite regular shutdowns to the Kirkuk-Ceyhan pipeline which directly links the two countries. This has cut...