Turkey turns to Guyana as Black Sea oil supply takes hit

Aug 18, 2026 News

(Kaieteur News) – Turkey is turning to Guyana for oil supplies as escalating Ukrainian drone attacks on Russia’s Black Sea export infrastructure disrupt shipments and squeeze supplies to one of the world’s major crude buyers.

According to Reuters, Turkey sharply reduced its purchases of Russian oil in July and is expected to cut them even further this month, with Guyana and Brazil emerging as alternative sources of crude.

Turkey received about 900,000 tonnes of oil from Russian ports in July, down from 1.2 million tonnes in June, according to LSEG shipping data. Supplies arriving directly through Russia’s Black Sea ports plunged by half, from about 600,000 tonnes in June to just over 300,000 tonnes in July.

In August, Turkey is expected to receive some 200,000 tons of oil from Russia’s Black ⁠ports, according to LSEG. The two tankers expected to be supplied carry Kazakh KEBCO oil, while this month no CPC Blend or Urals oil loadings to Turkey are planned yet. The data may be updated later, however.

Turkey diversifies supply to offset negative effects from the ⁠Black Sea crisis, traders said, adding that in August the state will make rare imports of oil from Brazil and Guyana.

Loadings from the CPC pipeline, which carries about 1.8% of global oil ⁠supply from Kazakhstan to Russia’s Black Sea coast, have been disrupted since the middle of last month, adding to the supply outages linked to the U.S.-Israeli war ⁠on Iran. Ukraine has paused drone strikes on non-Russian oil tankers using Russia’s Black Sea CPC terminal after a request from U.S. Vice President JD Vance, the Financial Times said on Wednesday, citing Ukrainian officials.

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Black Sea oil, Oil supply, Turkey-Guyana

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