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[BUSINESS] · Russia, Türkiye, India, Egypt, Morocco · 7 sources

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Russia imports gasoline from Turkey to address fuel shortages

Russia is increasingly relying on fuel imports to address domestic shortages caused by declining refinery output. Following shipments from India and Morocco, the tanker Wendrix has reportedly loaded approximately 200,000 barrels of gasoline at the Port of Mersin, Turkey, marking the first detected sea-based gasoline delivery from Turkey to Russia.

Refinery capacity in Russia has been significantly impacted by Ukrainian drone attacks and scheduled maintenance. In July, crude oil processing dropped to an average of 3.7 million barrels per day, a 28 percent decrease compared to the previous year. This decline has contributed to a potential gasoline deficit estimated by NEFT Research to be between 25 and 35 percent.

To stabilize the domestic market, the Russian government has extended its gasoline export ban until January 31, 2027. Additionally, discussions are underway regarding a potential extension of the diesel export ban through September or the end of the year. Since late July, Russia has imported over 1 million barrels of gasoline via sea routes to mitigate these supply gaps.

Entities

Alexander Novak · Russia · S&P Global · Turkey · Wendrix

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