Foreign Trade Control Policy

Purpose of the Foreign Trade Control Policy is to ensure that none of our existing nor potential business partners are included in any international Restricted Party Lists. This Policy provides information on the consequences of transacting with any Restricted Party or sanctioned country maintained by US, EU and UN and sets out the most important elements of the company’s program to prevent improper conduct. 

We import crude oil and process it in our refineries in order to meet specifically the fuel demand of Turkey.  All of our procedures related to these import comply with all the national and international legal regulations and agreements including the U.S. sanctions.
When the U.S. imposed sanctions related to Iran on non-US persons during the period between June 11, 2012 and January 16, 2016,  Turkey received a waiver, dated June 11, 2012, from the U.S. State Department regarding the crude oil purchases from Iran.  Accordingly, we operated and made payments within this agreed framework while fully complying with the U.S. regulations.  

As per the Foreign Trade Control Policy, Tüpraş personnel are required to obtain relevant information about the persons and entities with which they do business. All customers, vendors, and other business partners are required to complete the relevant Tüpraş pre-qualification questionnaire and provide detailed information including their shareholder structures and ultimate beneficial owners to enable Tüpraş to conduct an appropriate level of due diligence. All parties involved in a transaction including vessels, brokers, and financial institutions should be screened properly.


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