Oil & Gas Equipment — Pay Turkish Suppliers Faster, Cheaper
Import oil & gas extraction equipment, pipelines, and energy infrastructure. And your bank makes it worse — 3-day settlements, 2-4% hidden FX spreads, and zero visibility into what your payments actually cost.
We built payment infrastructure for oil & gas equipment businesses. 0.5% spreads. Same-day TRY settlement. Free container tracking.
Get a Quote for Your Next Turkish PaymentOil & Gas Equipment margins are too thin to donate 2-4% to your bank on every supplier payment.
Before we show you a single number, know this: we are regulated, audited, and transparent. Our pricing is published. Our client funds are segregated. These aren't marketing claims — they're regulatory requirements we meet daily.
These aren't marketing claims — they're regulatory requirements we meet daily.
Save £3,530 per £100k Payment
Typical savings for Oil & Gas Equipment paying Turkey suppliers
- ❌ 2-3 day settlement
- ❌ Hidden FX margins
- ❌ High correspondent bank fees
- ❌ Manual compliance checks
- ✓ Settles in seconds — 2.3 second average
- ✓ Transparent pricing
- ✓ BKM (Interbank Card Center) available
- ✓ 0.14s automated compliance
At £2M-£50M monthly volume, save £42,360/year
What Challenges Do Oil & Gas Equipment Businesses Face Paying Turkey?
Industry Pain Points
- Project-based payments (multi-year)
- High compliance requirements
- Multi-party transactions (operators, contractors)
- Currency hedging essential
Country-Specific Considerations
- Central Bank of Turkey (TCMB) regulations
- High inflation - TRY volatility extreme
- Many suppliers prefer EUR/USD invoicing
- Turkish customs documentation required
How Do Oil & Gas Equipment Businesses Typically Pay Turkish Suppliers?
Fast Settlement: Settles in seconds — 2.3 second average
Use BKM (Interbank Card Center) for instant TRY settlement. Turkey's national payment system
Real-Time FX Exposure Tracking
Upload supplier invoices as PDFs. Our AI OCR extracts amounts and currencies. See exactly what waiting costs you in real-time. Lock rates for 15 seconds when you see a good rate.
0.14s Compliance Screening
Automated compliance checks for Turkey regulations. Central Bank of Turkey (TCMB) regulations handled automatically.
How Oil & Gas Equipment Businesses Typically Pay Turkish Suppliers
If you're importing in this sector, you're likely dealing with a mix of payment terms. Here's how they work — and why speed matters.
⏱ Payment Timing
Project milestone payments (quarterly). Long terms: Net 90-180 days standard. Progress certificates required before payment release.
📄 Invoice Terms
Net 90-180 standard. Milestone payments per project schedule. Retention (10%) for 12-24 months. Performance bonds required.
Project-driven, oil price dependent. Quarterly milestone payments. Exploration projects front-loaded, production steady. Decommissioning growing.
📊 FX Risk Profile
EXTREME: Multi-year projects in USD, NOK, AED. £500k-£10M transactions. Oil price volatility affects project viability. Forward hedging essential.
Long-term partnerships with major service companies. Preferred supplier lists. Framework agreements for ongoing projects. JV structures common.
Common Documentation for Oil & Gas Equipment
- Project Progress Certificate
- Export License (controlled goods)
- End-User Certificate
- OFAC/Sanctions Compliance Declaration
- Insurance Certificate (rig operations)
Popular Turkey Supplier Types for Oil & Gas Equipment
Common Turkey Suppliers
- Textile manufacturers (Istanbul, Bursa, Denizli)
- Automotive parts (Bursa, Kocaeli)
- Agricultural exporters (Izmir, Antalya)
- White goods manufacturers (Istanbul)
Payment Tips for Turkey
- TRY highly volatile - lock rates immediately or use EUR/USD
- Turkey strategic location between Europe/Asia
- Strong textile and automotive sectors
- Political/economic volatility - use hedging
Frequently Asked Questions: Oil & Gas Equipment Payments to Turkey
How do Oil & Gas Equipment businesses pay suppliers in Turkey?
Oil & Gas Equipment businesses can pay Turkey suppliers instantly using Unicorn Currencies. We offer a 0.5% FX spread with 2.3-second average settlement using local payment rails like BKM (Interbank Card Center). This is significantly faster and cheaper than traditional SWIFT transfers which take 2-3 days.
What banking details do I need for Turkey Oil & Gas Equipment suppliers?
To pay Oil & Gas Equipment suppliers in Turkey, you need the recipient's IBAN (International Bank Account Number (26 characters)), account number, and beneficiary name. Our platform validates these details automatically to ensure successful payment delivery.
How much can Oil & Gas Equipment businesses save on Turkey payments?
Oil & Gas Equipment businesses typically save 87% compared to traditional banks when paying Turkey suppliers. On a £100k transaction, that's £3,530 in savings. With Unicorn Currencies, you pay just 0.5% FX spread + £5 per payment vs banks charging 4% spread + £35 fees.
Is container tracking available for Oil & Gas Equipment shipments from Turkey?
Yes, Unicorn Currencies offers FREE container tracking for Oil & Gas Equipment shipments from Turkey. You receive real-time visibility into your cargo, including demurrage alerts to help avoid costly port storage fees. This feature is included at no extra cost with your payment account.
What currencies do Oil & Gas Equipment businesses typically use with Turkey?
Oil & Gas Equipment businesses typically convert GBP to TRY when paying Turkey suppliers. Unicorn Currencies provides live exchange rates with a transparent 0.5% spread, and you can lock rates for 15 seconds when you see a favorable rate. Our AI-powered invoice OCR can automatically extract amounts and currencies from supplier invoices.
Ready to Pay Turkey Suppliers 87% Cheaper?
Join Oil & Gas Equipment businesses saving £3,530 per £100k payment with t+0 (2.3s avg within unicorn network).
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