Reuters: Azerbaijani SOCAR has suspended the purchase of Russian oil for refineries in Turkey
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A division of the Azerbaijani oil and gas company SOCAR Trading has suspended the purchase of Russian oil for processing at its refinery in Turkey. According to sources Reutersthis is due to the EU sanctions against Russian oil.
According to the Turkish Institute of Statistics, imports of Russian fuel to Turkey, including oil, fell by 25% in October. According to the Argus Media pricing agency, India and Turkey have become the main consumers of Russian Urals oil.
The price ceiling introduced by the EU on December 1 provides for the denial of insurance for ships carrying Russian oil at a price higher than $60 per barrel. Against this background, tankers get stuck off the coast of Turkey. According to the Financial Times, Ankara is requiring ships to provide letters from their insurers guaranteeing insurance coverage in Turkish waters.
About Russia’s response to the introduction of a price ceiling for oil – in the material “Kommersant” “Russia is preparing a response under the conditions of the limit”.
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