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TURKEY – CIS – BLACK SEA DOWNSTREAM FORUM is a unique event focusing on trading, transporting and producing petroleum products and petrochemicals in the region. 


Oil and gas cooperation between Turkey and CIS countries is moving to new heights. Crude supplies via BTC has made Turkey an important trading and shipping location for Azeri and Turkmen oil. The Turkish Stream and TANAP will make Turkey the key gas trading hub in Southern Europe. 

Construction and modernisation of refining and petrochemical production facilities is affecting not just the Black Sea region but the European crude market as a whole. Growing demand for heavier crudes may increase crude differentials in Southern and Central Europe.


Тurkey has been and remains one of the important markets for Russian diesel. Construction of the modern STAR Refinery by SOCAR will increase the local production capacity, but Russian imports will continue to meet the local demand for many years to come.

Cooperation in petrochemical and gas fed chemical production is moving fast. Petkim development by SOCAR as well gave a powerful momentum to development of Turkish plastics and fibers production and will no doubt affect the markets in aromatics, olefins, thermoplastics and petrochemical feedstocks. 

  • Energy markets of Black Sea counties, sources of crude and gas. The role of transit countries
  • The Turkish Stream – project update, plans for completion and commissioning. Forecasts for structuring of a Turkish-South European gas hub – various scenarios.
  • Arrival of STAR Refinery – possible impact on Kirkuk and Urals differentials in the region.
  • The Turkish domestic product market. Russian motor fuels supply and prospects for displacement by domestic production
  • Growing importance of Black Sea diesel imports for Ukraine via Black Sea ports on the background of Russian/Belorussian supply disruptions
  • Bunkering trends – local impact of IMO 2020
  • Urea and AN production in Turkey, Georgia, Azerbaijan, Kazakhstan and Turkmenistan and specifics of the Black Sea nitrate fertiliser market

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