TÜPRAŞ, Turkey's largest industrial enterprise with four oil refineries, released a statement in which it harshly denied Russia's accusations that it buys Daesh's oil. Tüpraş, which is owned by the Turkeys largest conglomerate, Koç Holding, said all of its transactions are transparent and the company will not hesitate from using its legal rights on the issue.

Meanwhile, recent allegations put forth by Russia on Turkey – Daesh oil trade, which also involved Syrian and Iraqi Kurds, were denied by Iraq's Kurdistan Regional Government (KRG) officials on Friday.