Pause operations: company temporarily curtailing operations while keeping return options open

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Türkiye Petrol Rafinerileri A.Ş. is a company in Turkey, operating four refineries with a total capacity to handle an annual 30 mn tons of crude.

Pause operations: company temporarily curtailing operations while keeping return options open

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The Company Statement
February 13, 2025

Turkey’s largest refiner is limiting purchases of Russian oil and fuel to avoid being hit by U.S. sanctions, the latest customer to show caution in its dealings with Moscow after last month’s measures. Istanbul-based Turkiye Petrol Rafinerileri AS, better known as Tupras, will stop accepting cargoes that do not meet the Group of Seven oil price caps from Feb. 27, said a person familiar with the matter, who asked not to be identified because the matter is sensitive and private.

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