Turkey’s largest refinery Tupras refuses Russian oil due to sanctions
13.02.2025 - 16:03
Due to US sanctions, the largest oil refinery in Turkey limits purchases of Russian oil.
Thus, from February 27, the oil refining giant Tupras will stop purchasing Russian oil if its price exceeds the established limits, Bloomberg reports.
Turkey’s largest refinery Tupras (Turkiye Petrol Rafinerileri AS) is reducing purchases of Russian oil in order to avoid violating sanctions imposed by the US and the G7 countries.
From February 27, the company will not accept shipments of crude oil if their price exceeds $ 60 per barrel, and limits have been set for other oil products: $ 100 for premium fuel and $ 45 for discounted fuel.
According to Bloomberg, last year Tupras transported about 180,000 barrels of Urals oil, which was 5.5% of total seaborne crude oil exports from Russia. Between June and January, the company purchased an average of 290,000 barrels of Russian oil per day.
This decision could significantly affect Russian exports and the redistribution of energy flows in the region.
USM previously reported that US sanctions are forcing Russia to sell oil to China at lower prices.
