STAR increases oil imports 2.5-fold

The State Oil Company of Azerbaijan (SOCAR) has purchased 3.4 million tons of oil for the STAR Oil Refinery in Turkey (Izmir, Aliaga region) in January-April this year, says the report of the Turkish Energy Market Regulatory Authority (EMRA).

This figure is 2.5 times higher than that of the same period last year.

During the reporting period, STAR manufactured 3.443 million tons of oil products.

During the first four months of 2020, the refinery produced 1.9 million tons of diesel fuel, 13,485 tons of fuel oil, 272,064 tons of jet fuel, 408,513 tons of naphtha, 234,558 tons of petroleum coke, etc.

During the period, the plant exported 680,765 tons of oil products, including 650,796 tons of diesel fuel and 29,968 tons of jet fuel.

STAR refinery was inaugurated on October 19, 2018. The groundbreaking ceremony for the refinery built by a consortium incorporating “Técnicas Reunidas” (Spain), “Saipem” (Italy), “GS Engineering & Construction Corp” (South Korea) and “Itochu” (Japan) took place on October 25, 2011. The total investment value of the project amounts to $6.3 bn. STAR has the first investment incentive granted by Turkey.

The plant can produce 10 mln tonnes of crude annually and make it possible to produce Urals, Azeri Light, and Kerkuk oil.