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Turkey Doubles Russian Crude Imports Jan-Aug 2022 y-o-y

OIL

Turkey doubled its imports of Russian oil this year according to Refinitiv Eikon data.

  • Turkey increased oil imports from Russia, including Urals and Siberian Light grades, beyond 200,000 barrels per day (bpd) so far this year compared to just 98,000 bpd for the same period of 2021.
  • Tupras refineries will buy about 111,000 bpd of oil from Russia in January to August this year compared to just 45,000 bpd during the same period last year.
  • STAR refinery is expected to purchase about 90,000 bpd of oil from Russia during January to August 2022 compared to 48,000 bpd during the same period of the last year.
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