Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Gaza Ministry of Health: Direct threats to residential areas surrounding hospitals are part of "Israel’s" systematic plan targeting the healthcare system
Gaza Ministry of Health: We renew our urgent appeal to the relevant authorities to intervene and protect healthcare institutions
Gaza Ministry of Health: We warn against reaching the point of a complete collapse of the healthcare system in the southern part of the Strip
Gaza Health Ministry: Nasser Medical Complex in Khan Younis going out of service would lead to a humanitarian disaster with unpredictable consequences
Palestinian sources: Several displaced Palestinians were reportedly injured after being targeted by occupation forces while waiting for aid west of Rafah
Israeli media: A senior European Union official hinted that 'Israel' would be held accountable for violating international law in Gaza
Al-Qassam Brigades spokesperson Abu Obeida: The losses incurred by the occupation today in Khan Younis and Jabalia are an extension of a series of top-tier operations
Al Mayadeen's correspondent in South Lebanon: The invading Israeli force is digging a trench and erecting earthen berms, amid detected activity suggesting preparations to install espionage equipment
Al Mayadeen's correspondent in South Lebanon: An Israeli force breaches the "technical fence" in the Wazzani area
Israeli media: 4 Israeli soldiers killed in the Gaza Strip

EU figures show Turkey resumed oil imports from Iran in March

  • By Al Mayadeen English
  • Source: Agencies
  • 2 Jul 2024 00:12
  • 2 Shares
4 Min Read

Turkey resumed oil imports from Iran back in March following a four-year hiatus, data released by the EU's Eurostat shows.

Listen
  • x
  • Iranian oil tanker Fortune is anchored at the dock of the El Palito refinery near Puerto Cabello, Venezuela, May 25, 2020 (AP)
    Iranian oil tanker Fortune is anchored at the dock of the El Palito refinery near Puerto Cabello, Venezuela, May 25, 2020 (AP)

Figures by the European Union's statistics agency, Eurostat, show that Turkey resumed importing oil from Iran in March this year nearly four years after it cut shipments to zero to comply with US sanctions on Tehran.

Eurostat data cited in a Sunday report by Iran's official IRNA news agency showed that Turkey had imported 576 metric tons (mt) of oil from Iran in March and another 485 mt in April.

Turkey's last oil shipment from Iran had been reported in August 2020 when the country bowed to US pressure and stopped the imports.

The figures are yet another sign that more countries have stopped complying with US sanctions on Iran and are taking delivery of oil shipments from the country.

Eurostat figures showed that Bulgaria and Poland were two EU members that had imported oil from Iran this year.

Bulgaria raised its oil imports from Iran in Q1 of 2024 by 113% year-on-year, rising to 314 mt.

Poland's oil imports from Iran, the first in two years, amounted to 19 mt, which were delivered to the country via one shipment in March.

Georgia, an EU candidate country, imported 544 mt of oil from Iran in Q1 of 2024, down from 974 mt in Q1 of 2023. 

Reports suggest more European countries are willing to ignore US sanctions on Iran and import oil from the country now that Tehran is selling record volumes of oil to Asian markets.

Iran's oil exports reached more than 1.6 million barrels per day (bpd) in some months of this year and in 2023, up from record lows of 0.3 million bpd reported in 2019 when the US toughened its sanctions on Tehran.

Related News

Japan reports progress in US trade talks but no tariff agreement yet

Federal court backs partial White House ban on Associated Press

Recent data released by the Energy Institute (EI) showed that Iran has emerged as one of the world's fastest-growing oil producers in 2023.

Despite US sanctions, data reveal that Iran's oil and condensates production surged to an average of 3.94 million barrels per day (bpd), marking a substantial 19% increase from the previous year's figures.

These figures as cited by ILNA news agency demonstrate Iran's exceptional growth trajectory amid a global backdrop where most major oil-producing nations experienced declines.

Globally, average oil production only managed a modest 1.4% increase, contrasting sharply with Iran's double-digit expansion.

Read more: Iran signs $13bln in domestic oil production deals

Iran's growth rate was surpassed only by Guyana, a small South American nation, which saw an impressive 40.8% surge in its production, albeit from a much lower base of 0.391 million bpd.

The data further show significant production decreases among major players. Saudi Arabia, the world's largest oil producer, reported an 8.6% decline, while Russia recorded a 1.1% reduction.

In contrast, the US, the top global oil consumer, saw an 8.5% increase in production, according to the EI figures.

Read more: Pakistan asserts right to import Iranian gas despite US objections

Iran's robust production figures come despite enduring US sanctions imposed since 2018, following the US withdrawal from the JCPOA nuclear deal with Iran.

These sanctions aimed to restrict Iran's oil exports and limit its economic capabilities.

The Iranian Oil Ministry estimates that the country's oil output will surpass four million bpd by March next year.

  • Iran
  • Turkey
  • European Union
  • eurostat
  • United States

Most Read

Lebanon's PM Nawaf Salam meets with US envoy Morgan Ortagus in Beirut on April 5, 2025 (Dalati Nohra via AP)AP)

Morgan Ortagus to exit US role in Lebanon amid policy shift

  • Politics
  • 1 Jun 2025
A Palestinian woman mourns as she embraces the body of her daughter Mayar Abu Odeh, 8, who was killed in an Israeli army strike on Gaza. at Al-Shifa Hospital in Gaza City, Wednesday, June 4, 2025. (AP)

French port workers block arms shipment to 'Israel' amid Gaza genocide

  • Politics
  • 4 Jun 2025
It may well be due to the longstanding relationship between MI6 and HTS, via Inter Mediate, that Britain was the first Western country to recognise their assumption of government in Syria. (Al Mayadeen English; Illustrated by Zeinab El-Hajj)

How MI6 helped HTS seize Syria

  • Opinion
  • 31 May 2025
New Syrian group claims Golan strike, vows resistance to 'Israel'

New Syrian group claims Golan strike, vows resistance to 'Israel'

  • Politics
  • 4 Jun 2025

Coverage

All
War on Gaza

Read Next

All
https://english.almayadeen.net/news/politics/pentagon-chief--nato-likely-to-back-trump-s-5--defence-spend
Politics

Europe spent $3 trillion on defense, but got little in return - FT

Power, parties, and scandal: Trump’s ties to Epstein: Telegraph
Europe

Power, parties, and scandal: Trump’s ties to Epstein - The Telegraph

Eilat port as seen from the sea, occupied Palestine, March 12 2009 (wikimedia commons)
Politics

YAF operations forced 80% plunge in Eilat port revenues in 2024

EU backs International Criminal Court after US sanctions judges
Europe

EU backs International Criminal Court after US sanctions judges

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS