News
Türkiye denies oil exports to Israel
Türkiye on Monday denied reports claiming that it is allowing crude oil exports or shipments to Israel via the Baku-Tbilisi-Ceyhan (BTC) pipeline.
The BTC pipeline, which originates in Azerbaijan and passes through Georgia before reaching Türkiye’s Ceyhan port, exports oil from Azerbaijan’s oil fields in the Caspian Sea.
Türkiye’s Energy and Natural Resources Ministry, in a statement, indicated that companies using the BTC pipeline respect Ankara’s stance against trade with Israel and have refrained from any deliveries designated for Israeli ports.
The ministry added that the Turkish Petroleum Pipeline Corporation (BOTAS), responsible for the management of the pipeline within Türkiye, “has no involvement or discretion over the sale of the oil transported through the pipeline.”
Recent media reports claimed that Azerbaijani oil exports to Israel continued to transit through the Turkish port in spite of Türkiye’s trade embargo against Israel.
Türkiye claimed that it suspended trade with Israel in May due to Israeli military actions in Gaza.
According to the Turkish Statistical Institute, Türkiye reported 5.4 billion U.S. dollars in exports to Israel in 2023 and 1.6 billion dollars in imports.
Since 2010, ties between Türkiye and Israel have been strained over the Palestinian.
Xinhua/NAN
-
Business6 days agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
News5 days agoUK, Canada pledge closer cooperation on trade, defence and AI
-
Business1 week agoNigeria Business Outlook: Dangote IPO, markets, inflation and naira in focus this week
-
Business1 week agoDangote IPO rush crashes Bamboo login as investors flood platform
-
Business6 days agoTinubu’s economic reforms face public confidence test as cost-of-living crisis persists
-
Business6 days agoDangote: Petrol price gap fuels smuggling as Nigeria faces fresh pump price surge
-
Business3 days agoDangote Refinery IPO: Can small investors really make money from the shares?
-
Comments and Issues4 days agoWavy fuel prices and deepening cost-of-living crises in Nigeria


