Turkey Shifts Away From Russian Crude as Tupras Buys From Brazil
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Turkey is showing signs of diversifying its crude supplies — including importing Brazilian oil — after its largest refiner moved to restrict purchases of Russian barrels in the wake of sweeping US sanctions.
Of the roughly 650,000 barrels a day of crude that Turkey imported so far this month, just 19% is from Russia, according to data compiled by Bloomberg from analytics firm Vortexa Ltd. That’s down from a share of more than 50% for the whole of last year.