عربي English Türkçe اردو فارسى
Logo
Latest News
Business

After US Pressure, Asian Refineries Seek Iran Oil Alternatives

Crude oil is dispensed into a bottle in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration
Crude oil is dispensed into a bottle in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration
TT
TT

After US Pressure, Asian Refineries Seek Iran Oil Alternatives

Crude oil is dispensed into a bottle in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration
Crude oil is dispensed into a bottle in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

Asian oil importers are stepping up efforts to diversify crude sources and Iranian oil payment mechanisms after the US announced it is pressing buyers to completely eliminate Iran imports by November 4.

As refineries companies in Taiwan, Japan, South Korea and UAE seek to reduce imports, in which the ban on Iranian oil has become imminent amid US strictness not to give exemptions to any state to import any Iranian packages, the companies in India are still waiting for the government’s decision to stop the importing of Iranian oil or not.

An official from the United States Department of State stated Tuesday that the US demanded from all countries to halt Iranian oil imports starting November 4.

Most Viewed

 
 
Business

Turkish Delegation to Visit Syria to Discuss Energy Cooperation

(FILES) Syrian refugees who live in Türkiye walk with their belongings at Cilvegozu crossborder gate before entering Syria at Reyhanli district in Hatay, on December 9, 2024. (Photo by Ozan KOSE / AFP)
(FILES) Syrian refugees who live in Türkiye walk with their belongings at Cilvegozu crossborder gate before entering Syria at Reyhanli district in Hatay, on December 9, 2024. (Photo by Ozan KOSE / AFP)
TT
TT

Turkish Delegation to Visit Syria to Discuss Energy Cooperation

(FILES) Syrian refugees who live in Türkiye walk with their belongings at Cilvegozu crossborder gate before entering Syria at Reyhanli district in Hatay, on December 9, 2024. (Photo by Ozan KOSE / AFP)
(FILES) Syrian refugees who live in Türkiye walk with their belongings at Cilvegozu crossborder gate before entering Syria at Reyhanli district in Hatay, on December 9, 2024. (Photo by Ozan KOSE / AFP)

A delegation from Türkiye's energy ministry will visit Syria "soon" to discuss possible energy cooperation including transmitting electricity to ease power shortages, Energy Minister Alparslan Bayraktar said late on Monday.
Türkiye, which backed Syrian opposition fighters who toppled President Bashar al-Assad this month after a 13-year civil war, has reopened its embassy in Damascus and its intelligence chief and foreign minister have met with de-facto leader Ahmed al-Sharaa.
Erdogan last week said that Ankara would do whatever necessary for the reconstruction of Syria, including improving energy ties.
"A delegation from the Energy Ministry will visit Syria as soon as possible and will conduct examinations on electricity and energy infrastructure of Syria," Bayraktar told reporters, according to Reuters.
The Turkish delegation will also discuss energy cooperation with the new Syrian government and Türkiye's possible assistance on the issue, Bayraktar added.
"The main problem in Syria in the field of energy is the electricity (shortage) at the moment. A formula will be sought (for Türkiye) to provide electricity to Syria," he added.
Türkiye currently provides electricity to some parts of northern Syria where it has mounted four military operations since 2016.