SOCAR, an Azeri state-owned oil and gas company, has announced that the Star refinery, the first new oil refinery to be constructed in Turkey in 30 years, will begin operating in 3Q18, as recently reported by Reuters.
Once operational the US$6 billion refinery will supply feedstock to Turkish petrochemicals firm Petkim, as part of a move to reduce Turkey’s dependence on imported refined oil products. The refinery will also boost Turkish refining capacity by 30%.
SOCAR Deputy Vice President, Vitaly Baylarbayov, told Reuters that the plant on Turkey’s Aegean coast would be able to process about 10 million tpy (200 000 bpd) of crude.
The plant is expected to produce 4.8 million t of diesel, 1.6 million t of naphtha and 420 000 t of xylenes alongside jet fuel, petroleum coke, reformate, sulphur and LPG.
Although Turkey produces a surplus of gasoline it relies on imports of diesel – consumption of the fuel is growing by about 7% a year and expected to reach 25 million t in 2019.
Tupras, Turkey’s only refining firm, has four plants across the country with a combined processing capacity of 28 million t (560 000 bpd).
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/23022018/socars-turkish-oil-refinery-to-begin-operating-in-3q18/