Turkey Diversifies Crude Oil Imports Away From Russia

Turkey has started to diversify its oil supply away from Russia and is buying crude from as far as Brazil after its top refiner limited intake of Russian oil only to G7 price-compliant barrels, Bloomberg reported on Tuesday, quoting data from Vortexa. So far in March, Russian oil accounted for just 19% of all of Turkey’s crude imports of about 650,000 barrels per day (bpd), according to the data.

This compares with more than half of Turkish crude imports sourced from Russia last year. Last month, Turkey’s largest refiner, Turkiye Petrol…