War has stopped imports, Turkey may be left without oil

Published 2022년 3월 3일

Tridge summary

Turkey is facing a sunflower oil crisis due to the Russia-Ukraine conflict, with Russia refusing to allow 15-16 ships carrying oil to leave the Sea of Azov. The Vegetable Oil Manufacturers' Association has urged the Ministry of Commerce for adequate oil stocks and has requested urgent action from the Ministry of Foreign Affairs and the Russian Embassy to allow the ships to pass. The situation is further complicated by the escalating prices of crude sunflower oil, which has risen from $1400 to over $2,000 a ton. Turkey, as the world's largest sunflower importer, relies heavily on Ukraine and Russia for imports, and the conflict has significantly disrupted these imports.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Danger bells are ringing in sunflower oil. Crude sunflower oil went from $1400 to over $2,000 a ton. Russia does not allow the exit of 15-16 ships carrying oil belonging to Turkey in the Sea of Azov. If these ships cannot be brought, Turkey may be left without oil. The Vegetable Oil Manufacturers' Association wrote to the Ministry of Commerce, General Directorate of Imports, requesting that there is enough oil in stocks until the end of March and mid-April at the most, and urgent action should be taken by the Ministry of Foreign Affairs and the Russian Embassy to allow Russia to import ships. The Russia-Ukraine war may drag Turkey into an oil crisis. Turkey, the world's largest sunflower importer, imports mainly from Ukraine and Russia. The war between the two countries stopped Turkey's crude oil imports to a large extent. One of the key points in the import of crude sunflower oil is the Azov (Azov) sea. Most of the sunflower oil imported to Turkey is loaded from the Rostov Port ...

Source: TRdunyasi