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Russian Crude to Turkey Slows

OIL

Turkey has massively reduced imports of Russian crude over the last couple of months according to Petro Logistics.

  • Star Refinery decided to stop processing Russian barrels, and Tupras liftings are down ~50% since the November highs.
  • Turkey had emerged as a key outlet for Russian crude post sanctions and has intentions to become a hub for Russian gas in the years ahead.




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