Baku 23° 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
15:07
Palestine сalls for implementation of UN Security Council resolutions
Foreign policy
14:58
Hakan Fidan: AI should support inclusive cooperation
Foreign policy
14:57
Sri Lanka foreign minister highlights CICA's progress under Azerbaijan's chairmanship
Foreign policy
14:51
Lavrov wishes Azerbaijan further success in CICA chairmanship
Foreign policy
14:49
Türkiye supports transforming CICA into international organization
Foreign policy
14:42
Russia proposes developing CICA along pan-Eurasian track
Foreign policy
14:31
Azerbaijan, Belarus discuss interparliamentary relations
Milli Majlis
14:24
Azerbaijan takes over chairmanship of CIS Advisory Council on Labour and Social Protection
Social security
14:18
Sergeyenko: CICA among most inclusive platforms in emerging security architecture
Foreign policy