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Turkey cuts Black Sea oil imports
Turkey reduced its oil purchases from Russian ports on the Black Sea in July and August due to drone attacks carried out by Ukraine on Russian oil export facilities in the region. These attacks disrupted exports and led to a decline in delivered quantities. In July, Turkey received approximately 900,000 tons of oil, down from 1.2 million tons in June, and it is expected to receive around 200,000 tons in August. Additionally, Turkey has been working to diversify its supply sources, importing oil from Brazil and Guyana to compensate for supply disruptions caused by tensions in the Black Sea.
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