Turkiye's largest oil refineries have started buying more non-Russian oil after the latest sanctions by the US, the European Union, and the UK targeting Russia's energy sector.
Axar.az informs that Reuters reported this.
According to the agency, SOCAR's STAR refinery in Turkiye recently bought four batches of crude oil from Iraq, Kazakhstan, and other producers.
"We are talking about between 77,000 and 129,000 barrels per day of non-Russian oil. This means that SOCAR will reduce the share of Russian oil in its operations, while in September and October the company was almost entirely dependent on Russian Urals crude - about 210,000 barrels per day," the report said.
It was noted that one of the new cargoes purchased is Kazakhstan's KEVSO oil, which is similar to Urals oil but is not subject to sanctions. Previously, SOCAR imported only one batch of this brand per year.
Another major Turkish refinery, Tupras, has also increased its purchases of Iraqi crude.
The company is considering completely stopping imports of Russian crude at one of its refineries to maintain its ability to export fuel to the EU:
“This year, Tupras has already expanded its supply geography, purchasing its first batch of oil from Brazil, and plans to purchase another batch from Angola.”
According to the analytical company Kpler, Turkiye plans to purchase about 141,000 barrels of Iraqi oil per day in November, which is 99,000 barrels more than in October.