ANKARA: Turkey’s Energy Market Regulatory Authority (“Authority”) has introduced changes to official names, types and Custom Tariff Statistics Position (“CTSP”) numbers, as well as classifications for marketable petroleum products. The Authority has also announced official names for marine and aviation fuels, since earlier Decisions only included CTPS numbers for these fuels.
The Authority’s Decision regarding Crude Oil, Fuel Oil, Bunker Oil, Base Oil and the Substances Related to Petroleum (“Decision”) was published in Official Gazette number 29913 on 9 December 2016, entering into effect on 1 January 2017. The Decision repeals Decision number 5922, published on 17 December 2015. The Decision continues existing classifications for crude oil, fuel oil, bunker oil, base oil and substances related to petroleum, as well as import rules and documentation, and CTSP numbers.
