In September, Tupras purchased about 700,000 tons of Russian Urals oil.
Turkey is the second largest importer of Urals marine oil after India, although it complies with international laws and restrictions.
Turkey reduced its exports of Russian oil in September to the lowest level since April amid competition from alternative grades and growing concerns about Western sanctions. This was reported by traders, citing data from LSEG (London Stock Exchange Group).
Turkey is the second largest importer of Urals marine oil after India. It has not joined Western sanctions against Russia, but complies with international laws and restrictions.
US President Donald Trump, after two-hour talks with his Turkish counterpart Recep Tayyip Erdogan, expressed confidence that Ankara would accept his offer and stop importing Russian oil.
Kremlin spokesman Dmitry Peskov said on Friday that trade and economic cooperation with Turkey was continuing.
According to LSEG, Turkey’s imports of Urals crude oil will be about 1.2 million tons in September, compared with about 1.6 million tons per month in June-July this year, LSEG data showed.
Turkey’s two main refiners – Tupras and SOCAR-controlled STAR refinery – are buyers of Russian oil.
Tupras bought about 700,000 tons of Russian Urals crude in September, while STAR bought only about 500,000 tons, almost half the amount in June-July.
London Stock Exchange Group plc – also known as LSEG, is a global provider of financial markets data and infrastructure, headquartered in the City of London.
As a reminder, Trump and Hungarian Prime Minister Viktor Orban had a telephone conversation after the American leader began to pressure the head of the Hungarian government to stop buying Russian oil.