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BREAKING NEWS

Turkey's Tupras says it's cutting Iran oil buys 20%

By REUTERS

MARCH 30, 2012 14:37

ISTANBUL - Turkish refiner Tupras has decided to reduce its purchases of crude oil from Iran by 20 percent and will make up the shortfall from "other sources," it said on Friday without providing further details.

Turkey hopes that it can still get a waiver over sanctions which the United States plans to implement on countries buying oil from Iran despite not being named on a list of exempted nations released by Washington.

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