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June 11, 2012 9:21 am

Turkey Cuts Import of Iranian Oil, Data Shows

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Turkey Prime Minister Recep Tayyip Erdoğan. Photo: wiki commons.

JPost/Reuters  – Turkey steeply reduced its imports of Iranian crude oil in May, bowing to international pressure ahead of planned EU and US sanctions, shipping data seen by Reuters showed.

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.

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