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Turkey doubled its Russian oil imports year-on-year over a period spanning January to August 2022, Reuters reported on Monday citing new data from the financial analyst platform Refinitiv Eikon.
“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,” the news agency reported on August 22.
“Turkey’s main refiners Tupras and Azerbaijan’s SOCAR’s STAR refinery significantly increased intake of Russian Urals and Siberian Light oil this year, while decreasing purchases of North Sea, Iraqi and West African grades,” data from Refinitiv Eikon showed on Monday.
Turkey has abstained from sanctioning Russia since the nation launched its latest war with neighboring Ukraine on February 24. The U.S. government led its political allies, including much of the European Union (E.U.), in imposing a raft of sanctions on Russian entities and companies hours after the conflict began. The anti-Russia sanctions campaign has continued to grow over the past six months.
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