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Türkiye Doubles Russian Oil Imports, Filling EU Void

Russia's President Vladimir Putin (R) shakes hands with Türkiye's President Tayyip Erdogan during a meeting in Sochi, Russia November 13, 2017. REUTERS/Pavel Golovkin/Pool/File Photo
Russia's President Vladimir Putin (R) shakes hands with Türkiye's President Tayyip Erdogan during a meeting in Sochi, Russia November 13, 2017. REUTERS/Pavel Golovkin/Pool/File Photo
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Türkiye Doubles Russian Oil Imports, Filling EU Void

Russia's President Vladimir Putin (R) shakes hands with Türkiye's President Tayyip Erdogan during a meeting in Sochi, Russia November 13, 2017. REUTERS/Pavel Golovkin/Pool/File Photo
Russia's President Vladimir Putin (R) shakes hands with Türkiye's President Tayyip Erdogan during a meeting in Sochi, Russia November 13, 2017. REUTERS/Pavel Golovkin/Pool/File Photo

Türkiye doubled its imports of Russian oil this year, Refinitiv Eikon data showed on Monday, as the two countries are set for broader cooperation in business and especially energy trade in the face of western sanctions against Moscow.

Trade between Türkiye and Russia has been booming since spring as Turkish companies not banned from dealing with Russian counterparts stepped in to fill the void created by EU businesses leaving Russia after its invasion of Ukraine earlier this year. Russia calls its actions in Ukraine 'a special military operation.'

Türkiye increased oil imports from Russia, including Urals and Siberian Light grades, beyond 200,000 barrels per day (bpd) so far this year compared to just 98,000 bpd for the same period of 2021, Refinitiv data showed, Reuters reported.

Türkiye did not sanction Russia due to its actions in Ukraine, saying it remains reliant on Russian energy supplies.

Russian President Vladimir Putin and Turkish President Tayyip Erdogan met early in August and agreed to boost business cooperation.

Türkiye's main refiners Tupras and Azerbaijan's SOCAR's STAR refinery significantly increased intake of Russian Urals and Siberian Light oil this year, while decreasing purchases of North Sea, Iraqi and West African grades, the data showed.

Over the last few years, STAR refinery increased purchases of Norway's Johan Sverdrup and Iraqi oil grades, which are close in quality to Urals as Russian oil has been growing in price.

This year, Russian oil prices fell to historical lows against the dated Brent benchmark, while North Sea and Iraqi oil grades prices improved.

STAR refinery is expected to purchase about 90,000 bpd of oil from Russia during January to August 2022 compared to 48,000 bpd during the same period of the last year, Refinitiv Eikon data showed.

Tupras refineries will buy about 111,000 bpd of oil from Russia in January to August this year compared to just 45,000 bpd during the same period last year, according to the data.

"The choice for Türkiye's refiners was obvious as they have no limits on Russian oil buying", a trader in the Mediterranean oil market said, who declined to be named as he is not authorized to speak to the press.

He added that good Urals oil refining margins supported Türkiye's refiners profits.

Türkiye's Energy ministry, Tupras and SOCAR did not immediately respond to Reuters for comments.

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Israeli Spy Chief Hands Court Scathing Rebuke of Netanyahu Bid to Sack Him

Israeli Security Agency director Ronen Bar attends a memorial ceremony of the Hamas attack on October 7 last year -. GIL COHEN-MAGEN/Pool via REUTERS/File
Israeli Security Agency director Ronen Bar attends a memorial ceremony of the Hamas attack on October 7 last year -. GIL COHEN-MAGEN/Pool via REUTERS/File
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Israeli Spy Chief Hands Court Scathing Rebuke of Netanyahu Bid to Sack Him

Israeli Security Agency director Ronen Bar attends a memorial ceremony of the Hamas attack on October 7 last year -. GIL COHEN-MAGEN/Pool via REUTERS/File
Israeli Security Agency director Ronen Bar attends a memorial ceremony of the Hamas attack on October 7 last year -. GIL COHEN-MAGEN/Pool via REUTERS/File

The head of Israel's domestic intelligence service said on Monday that Prime Minister Benjamin Netanyahu's bid to sack him followed his refusal to fulfil requests that included spying on Israeli protesters and disrupting the leader's corruption trial.

In an affidavit submitted to the Supreme Court, the head of Shin Bet, Ronen Bar, said that Netanyahu's March move to dismiss him was not based on professional grounds but was prompted by unmet expectations of personal loyalty to the prime minister.

In response, Netanyahu's office said it would soon deliver a detailed refute of Bar's affidavit, which it called "false". Netanyahu's move to sack Bar fuelled protests in Israel and was suspended by the Supreme Court, after political watchdogs and opposition lawmakers argued the dismissal was unlawful. Critics say that the government is undermining key state institutions and endangering the foundations of Israeli democracy. Netanyahu's Likud party has accused Bar of acting against the prime minister and turning parts of the Shin Bet service into "a private militia of the Deep State." Israel's government has backed Netanyahu, who said that he had lost confidence in Bar over the agency's failure to prevent the October 7, 2023 Hamas attack on Israel, a security failure that had led to the country's deadliest day, Reuters reported.

But in the unclassified part of his affidavit, Bar argued that the quest to oust him began more than a year after the attack. He cited a series of events between November 2024 and February 2025, which he said appeared to prompt the prime minister's moves against him.

Bar also said he refused to sign off on a security request aimed at preventing continuous testimony by Netanyahu at his corruption trial. Netanyahu, who denies any wrongdoing, began testifying in his long-running court case in December.