STAR refinery provides over 30% of Türkiye's exports of petroleum products

Türkiye purchased over 10.115 million tons of oil in January-April 2024, of which 35.5% was purchased by the STAR refinery owned by the State Oil Company of Azerbaijan (SOCAR), Report informs, citing the Turkish Energy Market Regulatory Authority (EPDK).

During the reporting period, Türkiye increased oil imports by 14.9% year-on-year.

According to EPDK data, 64.5% of the oil imported by Türkiye in the reporting period of 2024 fell to the share of the Türkiye Petrol Rafinerileri AS (TUPRAS) refinery – 6.52 million tons (an increase of 27% YoY).

The STAR refinery imported 3.595 million tons of oil in January-April 2024 (a decrease of 2% YoY).

During the reporting period, the STAR refinery exported 1.66 million tons of petroleum products (an increase of 13.6% YoY), which is 31.4% of Türkiye’s total exports of petroleum products.

At the same time, the lion's share of export supplies from the plant in January-April 2024 was diesel fuel – 1.144 million tons. Exports of aviation fuel amounted to 116,674 tons, and other petroleum products – 399,305 tons.

The STAR refinery was put into operation on October 19, 2018, and is designed to process such types of oil as Azeri Light, Kerkuk and Urals. The plant's capacity is 13 million tons per year.

The refinery provides raw materials for the Petkim petrochemical complex and creates conditions for SOCAR to enter the Mediterranean market with its diesel fuel and jet fuel, as well as raw materials for the chemical industry.

SOCAR invested about $7 billion in the construction and development of the STAR refinery.