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SOCAR new oil refinery in Turkey to start up next week

October 11/2018

MOSCOW (MRC) -- Azeri state energy company SOCAR plans to start up its new oil refinery in Turkey next week, reported Reuters with reference to a spokeswoman at SOCARs Turkish division.

The USD6.3 billion Star refinery, the first in Turkey built in 30 years, will supply feedstock to Turkish petrochemicals firm Petkim to help to cut Turkeys dependence on imported refined oil products. It will boost Turkish refining capacity by 30 percent.

The plant on Turkeys 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.

As MRC wrote before, in February 2018, Maire Tecnimont S.p.A. announced that its main subsidiaries Tecnimont S.p.A. and KT-Kinetics Technology S.p.A. - had signed with the Client SOCAR (State Oil Company of Azerbaijan Republic) Heydar Aliyev Baku Oil Refineryan EPC contract (Engineering, Procurement and Construction) as an important part of the execution of the Modernization and Reconstruction works for the Heydar Aliyev Baku Oil Refinery, in Azerbaijan.

SOCAR, which is keen on expanding operations in the retail oil products market abroad, is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in the domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan.


mrcplast.com
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, propylene, ethylene, petrochemistry, Socar, Azerbaijan, Turkey.
Category:General News
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