Baku 25° C
Azerbaijan eyes to earn annual 600 mln USD from STAR oil refinery
Finance
- 01 July, 2016
- 12:43
Add Report.az to preferred Google sources
Stay up to date with the top news!
Baku. 1 July. REPORT.AZ/ STAR oil refinery, which built in Turkey by the State Oil Company of Azerbaijan Republic (SOCAR) will earn 600 mln. USD annually.
Report informs, the enterprise will launch in 2018.
According to the information, STAR's launching will put an end to dependence of Turkish petrochemical sector on abroad and official Ankara will annually save 1,2 billion USD. STAR will meet 3,5% of Turkey's balance of payments deficit.
Notably, 5,65 billion USD invested in STAR and it's considered the biggest project financing in the history of Turkey.
12 000 employees, including 1 972 engineers from 14 countries involved in the construction of the plant.
Author
Azərbaycan STAR neft emal zavodundan ildə 600 mln. dollar qazanacaq
Азербайджан заработает на STAR 600 млн. долларов в год
Latest News
16:54
Photo
Azerbaijani PM meets senior Paralympic officials in Baku
Foreign policy
16:48
Azerbaijan's ambassador to Sweden presents his credentials to King Carl XVI Gustaf
Foreign policy
16:37
Zelenskyy talks on Ukraine-Hungary closer ties following meeting with Magyar
Other countries
16:30
CICA Summit: Azerbaijan stresses sovereignty, justice and fragile peace
Analytics
16:18
Zelenskyy: Ukraine expects to receive funds from frozen Russian assets
Other countries
16:10
Photo
FMs of Azerbaijan, Sri Lanka mull strengthening political dialogue
Foreign policy
16:09
MP: Armenian authorities consistently pursued criminal policy against Azerbaijan
Domestic policy
15:55
Azerbaijan's ICT sector output rises 11.1% in nine months
ICT
15:41
Bochorishvili: Georgia ready to contribute constructively to OSCE
Region