SOCAR, the largest direct foreign investor in Turkey, has launched its SOCAR Turkey Aegean Refinery - STAR Refinery, which will have a processing capacity of 10 million tpy.
The STAR Refinery, which was inaugurated on 19 October 2018 in a ceremony held in Aliaga, Izmir, is expected to make a solid contribution to the economies of Azerbaijan and Turkey in the coming years.
SOCAR President, Rovnag Abdullayev, said: “The STAR Refinery, built and equipped with the world's latest technologies, helps integration of our petrochemical business and therefore has a strategic importance for our company.”
STAR Refinery is expected to help reduce the current trade deficit in the Turkish petrochemical sector. It will produce oil products such as naphtha, xylene, diesel, jet fuel and LPG. The refinery, which has Turkey's first Strategic Investment Promotion Certificate, employed 19 500 workers from 14 countries, including 3000 engineers during the peak stage of the construction. After its launch, 1100 professionals will permanently work at the refinery. Shareholders of the project are SOCAR (60%) and the Ministry of Economy of Azerbaijan (40%).
Read the article online at: https://www.hydrocarbonengineering.com/refining/26102018/socar-launches-star-refinery/