UP

Turkish refineries cut reliance on Russian oil

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto
Turkish refineries cut reliance on Russian oil

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.

Date
2025.11.02 / 18:59
Author
Axar.az
See also

OPEC+ to boost output by 137,000 barrels

OPEC+ to decide December oil output plan today

Oil prices rise in global markets

Oil prices edge down slightly in global markets

Oil prices rise again

Oil prices keep falling in global markets

Russian Central Bank raises dollar exchange rate

Oil prices decline on global markets

Global stocks rally on US-China trade optimism

Oil prices rise again on global markets

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla