Türkiye"s top refiners, SOCAR and Tupras, are reducing their imports of Russian oil in response to U.S. and EU sanctions. This decision aligns them with China and India, who are also diversifying their oil supplies. Both SOCAR and Tupras are increasing their purchases of crude oil from Iraq and Kazakhstan, according to a report by Reuters.
Economy
Türkiye's SOCAR and Tupras cut Russian oil imports, increase Iraqi and Kazakh purchases
"Breaking: Türkiye's SOCAR and Tupras cut Russian oil imports, boosting purchases from Iraq and Kazakhstan. Discover the implications for global oil markets."
BY: Maya Rodriguez5 min read
![[Video] Scott Bessent: U.S. economy partially in recession, wealth gains uneven](/_next/image?url=%2Fapi%2Fimage%2Fthumbnails%2Fthumbnail-1762111854717-0q6nah-thumbnail.jpg&w=3840&q=75)
