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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Turkey Has No Plans to Cut Russian Oil Buys, Welcomes Iran Supply, Says Minister

The logo of the Russian state oil company Rosneft is pictured behind a pipe at the Samotlor oil field outside the West Siberian city of Nizhnevartovsk, Russia, January 26, 2016. (Reuters)

Turkey will continue to buy Russian oil and hopes sanctions on Iran are lifted, bringing additional supplies to meet global demand, Energy Minister Alparslan Bayraktar said on Tuesday.

Turkey relies on Russia for 45% of its natural gas demand, 17% of oil and 40% of its gasoline, he said in remarks on the sidelines of the CERAWeek energy conference.

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