Turkey to sell train rails to Iran in exchange for oil: Minister

Transportation, Maritime Affairs and Communications Minister Binali Yıldırım has said Turkey will buy oil from Iran in exchange of train rails in line with an 80-million-euro deal.

Yıldırım visited the Black Sea province of Karabük to open a railway route, which was completed by European Union funds and Turkey’s financial contributions, in the region on April 26.

Yıldırım noted Turkey had inked a deal with Iran for Iranian oil in exchange for train rails, which are made in Karabük.

“Karabük has been one of the oldest industrial hubs of the Turkish Republic… Karabük has now become an important train rail producer and exporter. We recently made an 80-million-euro agreement with Iran to sell train rails. In line with the deal, Turkish refinery TÜPRAŞ will buy oil Iran. In exchange for oil, Karabük will sell rails worth 80 million euros,” he said, adding that this deal was of great significance not only for Karabük, but also for the entire country.

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