Exclusive: Top Turkish refiner Tupras resumes buying Russian Urals crude, sources say
LONDON, April 16 (Reuters) - Turkey's largest oil refiner Tupras has returned to buying Russian Urals crude cargoes, after it stopped doing so earlier this year due to US sanctions on Moscow, according to three trading sources and shipping data.
Tupras did not immediately reply to a Reuters request for comment.
The three sources said Tupras resumed its purchases after prices for Urals crude fell below a Western price cap, to the lowest levels since 2023, earlier this month.
Tupras became one of the biggest importers of Russian crude after Moscow's invasion of Ukraine in 2022, with Russian oil representing 65% of the country's total oil imports in January-November 2024, according to data from Turkey's energy regulator.
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