STAR refinery accounts for over 27% of Türkiye's total oil product exports

In the first seven months of 2024, Türkiye imported a staggering 18,433,027.42 tons of oil, with the State Oil Company of Azerbaijan (SOCAR) owned STAR Refinery accounting for 33.2% of the total imports, according to the country's Energy Market Regulatory Authority (EPDC).

Türkiye's oil imports saw a significant 9.9% increase compared to the same period last year. The data from EPDC reveals that Turkiye Petrol Rafinerileri AS (TUPRAS) refineries imported 12,315,901.61 tons of oil, a 20.5% increase, accounting for 66.8% of Türkiye's total oil imports. Meanwhile, the STAR Refinery imported 6,117,125.81 tons of oil, experiencing a slight 6.6% decrease.

During January-July of 2024, the STAR Refinery exported an impressive 2,525,834.43 tons of oil products, marking a 29% increase and contributing 27.25% to Türkiye's total oil product exports. Diesel fuel dominated the refinery's export portfolio, with 1,476,908.61 tons shipped, followed by 116,674.97 tons of aviation fuel and 932,250.85 tons of other oil products.

Commissioned on October 19, 2018, the STAR Refinery has an annual processing capacity of 13 million tons, capable of refining various crude oil grades such as Azeri Light, Kirkuk, and Urals. The refinery plays a crucial role in supplying feedstock to the Petkim petrochemical complex and enables SOCAR to enter the Mediterranean market with its diesel fuel, jet fuel, and raw materials for the chemical industry. SOCAR has invested approximately $7 billion in the construction and development of the STAR Refinery, showcasing its commitment to Türkiye's energy sector.