ECONOMY
“SOCAR-TURGAS” COMPANY FILES REQUEST FOR CONSTRUCTION OF OIL REFINERY AT CEYHAN SEAPORT
Socar-Turgas joint company of the Azerbaijan State Oil Company and Turkey’s Turgas company has submitted a formal request on construction of the oil refinery worth $4 bln in the Heydar Aliyev Ceyhan terminal to the Energy Market Regulation Agency of Turkey (EPDK).
The project provides for construction of the oil refinery with the capacity of 10 million tons of crude annually and petrochemical enterprise.
Along with this request, The EPDK also received bids from a number of companies planning to invest up to $11 billion in construction of Ceyhan oil refineries. To date, Petrol Ofisi company and Chalik-Indian Oil consortium presented $2-billion and $5-billion investments projects respectively. EPDK will answer the request after considering some legal procedures.
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