SOCAR's New Oil Refinery in Turkey to Start Up Next Week

Posted by Michelle Howrad
Tuesday, October 9, 2018

Azeri state energy company SOCAR plans to start up its new oil refinery in Turkey next week, a spokeswoman at SOCAR's Turkish division said on Tuesday.

The $6.3 billion Star refinery, the first in Turkey built in 30 years, will supply feedstock to Turkish petrochemicals firm Petkim to help to cut Turkey's dependence on imported refined oil products. It will boost Turkish refining capacity by 30 percent.

The plant on Turkey's Aegean coast would have capacity to process about 10 million tonnes per year (200,000 barrels per day) of crude.

The plant is expected to produce 1.6 million tonnes of naphtha and 420,000 tonnes of xylenes. It will also produce about 4.8 million tonnes of diesel, alongside jet fuel, petroleum coke, reformate, sulphur and liquefied petroleum gas (LPG).

Turkey produces a surplus of gasoline but relies on imports of diesel, with consumption of the fuel growing by about 7 percent a year and expected to reach 25 million tonnes in 2019.

Reporting by Nailia Bagirova; writing by Margarita Antidze

Categories: Shale Oil & Gas

Related Stories

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Azeri SOCAR Plans New Agreements with Oil and Gas Majors

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Mubadala Energy Open to Sell Andaman Gas for Domestic Use

Velesto’s Jack-Up Rig Up for Drilling Job Offshore Vietnam

Indonesia's Medco Starts Production at Natuna Sea Fields

Valeura Energy Greenlights Wassana Oil Field Redevelopment off Thailand

TMC Books Compressors Orders for FPSO and LNG Vessels

SLB Names Raman CSO, CMO

Current News

Aker Solutions, PTAS JV Hooks Brownfield Services Extension off Brunei

CDWE Wraps Up Pin Pile Installation Job for Taiwanese Offshore Wind Farm

BP Expands Oil and Gas Scope in Azerbaijan with New Projects and Exploration Rights

Azeri SOCAR Plans New Agreements with Oil and Gas Majors

TPAO, SOCAR and BP to Ink Caspian Sea Oil and Gas Production Deal

Fugro Lands Deepwater Gas Field Job in Southeast Asia

OMV Exits Ghasha Gas Project off UAE with Lukoil Stake Sale

China's Sinopec Laucnhes $690M Hydrogen Venture Capital Funds

CIP, ACEN Partner Up for First Large-Scale Offshore Wind Farm in Philippines

Valeura Concludes Eight-Well Drilling Campaign in Gulf of Thailand

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com