Wednesday, August 18, 2010

  • Wednesday, August 18, 2010
  • Elder of Ziyon
From Reuters:

Turkey's decision to sell gasoline to Iran despite U.S. sanctions, designed to squeeze the Tehran's supply of petroleum products, has shone a spotlight on the two countries' growing trade relationship.

Turkey already buys a third of its [natural] gas imports from Iran and is looking to expand its relationship to power sales and the transit of Iranian gas to Europe.

Iran is the second-largest crude oil producer in the Organization of the Petroleum Exporting Countries (OPEC) but relies on imports for up to 40 percent of its gasoline needs because it lacks refining capacity.

The U.S. sanctions, in addition to measures from the European Union and the United Nations, aim to pressure the Islamic Regime over its nuclear programme, which the West says may be a front for building nuclear weapons.

Iran has been forced to look to Turkey, Russia, China and even Venezuela for gasoline as a result of the sanctions, which have discouraged its traditional suppliers in Europe and Asia.

After not selling any gasoline to Iran in the previous 18 months, Turkey in June started to supply the equivalent of 10 percent of Iran's total monthly gasoline use, according to figures from the Turkish government and Iranian oil ministry.

The sale of 1.2 million barrels netted Turkey revenues of $121.8 million -- 25 percent above the normal market rate -- even before sanctions took effect.

Turkey's sales of gasoline to Iran nose-dived in July as sanctions took effect, but the Turkish Energy Minister said on Wednesday the government would support private firms that looked to trade refined petroleum products with Iran.

A source at state-owned oil refiner Tupras (TUPRS.IS: Quote), who did not wish to be identified, perhaps summed up the current mood in Turkey: "For us, Iran is more important than America, because we get crude oil from them. We don't get anything from America."

So why exactly is Turkey considered an ally again? Gasoline is Iran's Achilles' heel and of all the half-hearted and belated Western sanctions on Iran, this is the one that had the highest likelihood of working. Now it is being sabotaged by our Turkish friends.

And the window of using that as a pressure point is closing, according to Iran's Fars news agency:
Official data also said that Tehran has imported 1 mln tons of gasoline during the last two months and after the approval of the UN Security Council 1929 sanctions resolution against the country.

The United Arab Emirates (UAE), Turkey, Turkmenistan, the Netherlands, Singapore, Oman and Saudi Arabia have been Iran's main gasoline suppliers in the last four months.

Meantime, Iranian Oil Minister Masoud Mir-Kazzemi announced in July that the country will turn into a gasoline exporter with a production capacity of 170mln liters in 2013.

Saying that several petrol refining projects are underway in the country, Mir-Kazzemi reiterated that Iran will develop a daily production capacity of 170mln liters of gasoline in three years, while the country's daily domestic consumption will only amount to 66mln liters and it can, thus, export its excess production.

EoZTV Podcast

Podcast URL

Subscribe in podnovaSubscribe with FeedlyAdd to netvibes
addtomyyahoo4Subscribe with SubToMe

search eoz



follow me

Follow by Email


Share on Whatsapp


For $18 donation

Sample Text

EoZ's Most Popular Posts Ever


Elder of Ziyon - حـكـيـم صـهـيـون

This blog may be a labor of love for me, but it takes a lot of effort, time and money. For over 12 years and over 25,000 articles I have been providing accurate, original news that would have remained unnoticed. I've written hundreds of scoops and sometimes my reporting ends up making a real difference. I appreciate any donations you can give to keep this blog going.


Donate to fight for Israel!

Monthly subscription:
Payment options

One time donation:

subscribe via email

Follow EoZ on Twitter!



The Jerusalem Report:"A seemingly indefatigable one-man operation, armed only with a computer, chutzpa and stamina."

Algemeiner: "Fiercely intelligent and erudite"

Omri: "Elder is one of the best established and most respected members of the jblogosphere..."
Atheist Jew:"Elder of Ziyon probably had the greatest impression on me..."
Soccer Dad: "He undertakes the important task of making sure that his readers learn from history."
AbbaGav: "A truly exceptional blog..."
Judeopundit: "[A] venerable blog-pioneer and beloved patriarchal figure...his blog is indispensable."
Oleh Musings: "The most comprehensive Zionist blog I have seen."
Carl in Jerusalem: "...probably the most under-recognized blog in the JBlogsphere as far as I am concerned."
Aussie Dave: "King of the auto-translation."
The Israel Situation:The Elder manages to write so many great, investigative posts that I am often looking to him for important news on the PalArab (his term for Palestinian Arab) side of things."
Tikun Olam: "Either you are carelessly ignorant or a willful liar and distorter of the truth. Either way, it makes you one mean SOB."
Mondoweiss commenter: "For virulent pro-Zionism (and plain straightforward lies of course) there is nothing much to beat it."
Didi Remez: "Leading wingnut"

Interesting Blogs


Abbas liar Academic fraud administrivia al-Qaeda algeria American Jews Amnesty analysis anti-semitism antisemitism apartheid arab refugees Arafat archaeology art ASHREI B'tselem bahrain Balfour bbc BDS BDSFail Bedouin Beitunia beoz book review Brant Rosen breaking the silence Campus antisemitism Cardozo Chakindas Chanukah Christians Clark Kent conspiracy theories Cyprus Daled Amos Daphne Anson David Applebaum Davis report DCI-P Divest This double standards Egypt Elder gets results ElderToons Electronic Intifada Embassy EoZ Trump symposium eoz-symposium EoZNews eoztv Erekat Erekat lung transplant EU Euro-Mid Observer European antisemitism Facebook jail Fake Civilians 2014 Farrakhan Fatah featured Features fisking flotilla Forest Rain Forward free gaza freedom of press palestinian style future martyr Gary Spedding gaza Gaza Platform George Galloway George Soros German Jewry gideon levy gilad shalit gisha Goldstone Report Good news Grapel Guardian gunness Haaretz Hadassah hamas Hamas war crimes hasbara Hasby 2014 Hasby 2016 Hasby 2018 Hebron helen thomas hezbollah history Hizballah Holocaust Holocaust denial honor killing HRW Human Rights Humanitarian crisis humor huor Hypocrisy ICRC IDF Ilan Pappe impossible peace incitement Indonesia international law intransigence iran Iraq Islamic Judeophobia Islamism Israel Loves America Israeli culture Israeli high-tech J Street jabalya jeremy bowen Jerusalem jewish fiction Jewish Voice for Peace jihad jimmy carter John Kerry jokes jonathan cook Jordan Joseph Massad Juan Cole Judaism Judea-Samaria Judean Rose Kairos Karl Vick Keith Ellison ken roth khalid amayreh Khaybar Lebanon leftists Linda Sarsour Linkdump lumish mahmoud zahar Malaysia max blumenthal Mazen Adi McGraw-Hill media bias Methodist Michael Ross Miftah moderate Islam Mohammed Assaf Mondoweiss moonbats Morocco Mudar Zahran music Muslim Brotherhood Nakba Nation of Islam Natural gas Nazi News nftp NGO NIF Noah Phillips norpac NYT Occupation offbeat Omar Barghouti Only in Israel Opinion oxfam PA corruption PalArab lies Palestine Papers pallywood pchr PCUSA Peace Now Peter Beinart Petra MB poetry Poland poll Poster Preoccupied Prisoners propaganda Proud to be Zionist Puar Purim purimshpiel Putin Qaradawi Qassam calendar Quora Rafah Ray Hanania real liberals reference Richard Falk Richard Silverstein Right of return Robert Werdine rogel alpher roger cohen roger waters Rutgers Saeb Erekat Saudi Arabia saudi vice self-death self-death palestinians sex crimes SFSU shechita sheikh tamimi Shujaiyeh Simchat Torah Simona Sharoni SodaStream South Africa Speech stamps Superman Syria Tarabin Temple Mount Terrorism This is Zionism Thomas Friedman TOI Trump Tunisia Turkey UCI UK UN UNDP unesco unhrc UNICEF United Arab Emirates Unity unrwa UNRWA hate unrwa reports UNRWA-USA unwra Varda Vic Rosenthal Washington wikileaks work accident X-washing Y. Ben-David Yemen YMikarov zahran Ziesel zionist attack zoo Zvi

Blog Archive