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

Baker Hughes Sets Up Global Network to Bolster Mature Oil and Gas Fields Production

Valaris Secures $600M in New Contracts as Backlog Rises to $4.8B

Aramco Targets Hormuz Bypass with East-West Pipeline Expansion

Shell to Exit Australia's North West Shelf Project in $1.45B Deal with XRG

Eni, Petronas JV Brings Indonesian Offshore Gas Field Online

Big Oil Pockets Near-Record Profits but Spending Restraint Signals Long-Term Doubts

CNOOC Starts Up Nine Oil and Gas Projects as Production Hits Record

QatarEnergy Signs Supply Deal for LNG from Woodside's Louisiana Project

Woodside Agrees to Sell Greater Sunrise Stake to TIMOR GAP for Up to $200M

Indonesia's Jangkrik FPU Set for Major Gas Output Boost

Current News

Velesto’s Jack-Up Rig Up for Drilling Job with Petronas

Tender-Assist Rigs: Southeast Asia’s Quiet Workhorses Head for Full Utilization

Aker Solutions Lands Major Role in Qatar’s Offshore Oil Field Revamp

TotalEnergies Inks 15-Year LNG Supply Deal with China's Jiangsu Guoxin

Baker Hughes Sets Up Global Network to Bolster Mature Oil and Gas Fields Production

Valaris Secures $600M in New Contracts as Backlog Rises to $4.8B

Production Restart at Australian Offshore Fields Boosts Jadestone's Oil Output

Aramco Targets Hormuz Bypass with East-West Pipeline Expansion

ADES Lands New Offshore Drilling Rig Deals in Angola and Indonesia

Shell to Exit Australia's North West Shelf Project in $1.45B Deal with XRG

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