#Turkey cuts #Iranian oil buys steeply in May
The figures show Turkey, the world’s fifth-largest buyer of Iranian oil in 2011, is holding to its pledge to cut imports from the Islamic Republic after buying and stockpiling more Iranian oil from January through April than it did last year.
Before May, Turkey was the only buyer in Europe to increase purchases from Iran, while other European refiners cut back on imports of the crude ahead of an impending EU oil embargo due to take effect from July 1.
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►http://www.reuters.com/article/2012/06/11/us-turkey-oil-idUSBRE85A0KM20120611