SOCAR’s $6 bln oil refinery in Turkey to start up in third quarter of 2018
The first new oil refinery to be built in Turkey in 30 years will start up in the third quarter of 2018, the builder and operator Azeri state energy firm SOCAR said on Feb. 22.
The $6 billion Star refinery will supply feedstock to Turkish petrochemicals firm Petkim to help 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 tons per year (200,000 barrels per day) of crude.
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 tons in 2019.
source: Hurriyet Daily News
23.02.2018
The $6 billion Star refinery will supply feedstock to Turkish petrochemicals firm Petkim to help 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 tons per year (200,000 barrels per day) of crude.
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 tons in 2019.
source: Hurriyet Daily News
23.02.2018
