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SOCAR To Commission Oil Refinery In Turkey In 2017

Star oil refinery of Azerbaijan’s state minimum spacing for refinery and petrochemical plants energy company SOCAR, which is beneath development in Turkey’s Izmir metropolis, shall be operational in 2017.

The news was introduced by SOCAR’s vice-president for refining David Mammadov in his current interview with SOCAR Plus journal, Pattern Company reported.

He noted that SOCAR Turkey Enerji has acquired some 62 percent share in the Turkish Petkim petrochemical advanced since 2008;. The complicated is composed of factories for manufacturing of excessive and low density polyethylene, polypropylene, polyvinyl chloride, acrylonitrile, ethylene glycol, purified acids, aromatic hydrocarbons, ethylene, propylene, hypochlorite, vinyl chloride monomer, phthalic anhydride, terephthalic acid, and other products.

The holding has a leading place in Turkey’s petrochemical products market, and SOCAR takes sequential steps for growing its petrochemical property, he mentioned.

“The development of a new Star refinery with an annual capacity of 10 million tons has began to be able to optimize demand for raw supplies and reduce the quantity of gasoline imported to Turkey. The refinery is planned to start out operation in 2017,” Mammadov noted.

The Star refinery will minimum spacing for refinery and petrochemical plants be capable of refining oil grades reminiscent of Azeri Gentle, Kirkuk, and Urals.
Some sixteen billion cubic meters of gas will probably be produced in the Shah Deniz Stage 2 development and exported to vitality markets. This figure will probably be increased by one billion cubic meters per yr.

Estimated at $5.5 billion, the refinery is usually supposed for creating a resource base for the chemical firm Petkim Holding. It is going to contribute considerably to the area and nation’s economic system by creating job alternatives and increasing competitiveness.

SOCAR to increase variety of gasoline stations in Romania
CEO of SOCAR Romania Hamza Karimov said in an interview with SOCAR Plus journal that the number of fuel stations, operating below the SOCAR brand in Romania, will enhance to a hundred.

He minimum spacing for refinery and petrochemical plants noted that 20 gasoline stations are presently working in Romania under the SOCAR model.
“One among the principle duties forward of us is to deliver the variety of gasoline stations to one hundred, thus masking the complete territory of Romania,” Karimov mentioned.

SOCAR entered the Romanian market in 2011 by acquiring a ninety percent share in Romanian Romtranspetrol, owned at the time by Iulian and Doina Berescu.

SOCAR is the only producer of oil products and has two refineries on its balance sheet. It additionally has computerized gas stations in Azerbaijan, Georgia, Ukraine, Romania, and Switzerland.

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