STAR refinery sells its first products

Baku. 31 January. REPORT.AZ/ Star Oil Refinery (NEZ), built by SOCAR in Aliaga district of Izmir, Turkey, has sold its first products, General Director of Star refinery Mesut Ilter said.

Report informs citing Turkish media that, according to him, naphtha intended for SOCAR's Petkim complex constituted the major portion of the first sale of products.

Ilter noted that the plant will start operating at full capacity in the next 10 days.

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) was held 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 has the capacity of producing 10 mln tonnes of crude annually and makes it possible to produce Urals, Azeri Light and Kerkuk oil.