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Friday, July 13, 2012

Iranian oil stuck in Egypt as Turkey cuts imports | Reuters

Iranian oil stuck in Egypt as Turkey cuts imports

By Dmitry Zhdannikov and Humeyra Pamuk

LONDON, July 13 (Reuters) - Turkey is struggling to import Iranian oil in July because of Western sanctions on ship insurance, trading and shipping sources told Reuters, leaving Tehran battling to sell oil now stuck in storage tanks in Egypt.

More:Iranian oil stuck in Egypt as Turkey cuts imports | Reuters