SOCAR signs contract on Star oil refinery in Turkey
Baku, May 21 (AZERTAC). SOCAR Turkey, a daughter firm of State Oil Company of Azerbaijan (SOCAR), has signed a contract with the consortium for construction of Star oil refinery in Izmir, Turkey.
The agreement was signed by Vagif Aliyev, chief of SOCAR`s Investments Department, chairman of Petkim Board, Kenan Yavuz, Executive Director of SOCAR Turkey, Jose Pedro Sebastian De Erij, General Director of Spanish Tecnica Reunidas and the company`s Development Director Enrique Alsina Massan, as well as representatives of Italian Saipem, South Korean GS Engineering & Construction and Japanese Itochu companies.
After the signing ceremony Kenan Yavuz said that the consortium has committed itself to build Star oil refinery "on a turn-key basis" within 51 months after the signing.
Capacity of Star oil refinery will be 10 million tons of oil and it will be able to refine Azeri Light (Azerbaijani), Kirkuk (North Iraqi) and Urals (Russian) brands of oil.
The volume of annual production of the oil refinery will be 1.6 million tons of naphtha, which will reduce dependence of Petkim petrochemical complex on import of this type of oil product to nil.
Star oil refinery will also manufacture 5.9 million tons of diesel fuel with a very low content of sulfur, 500,000 tons of aviation fuel, 630,000 tons of oil coke, 240,000 tons of liquefied oil gas, 415,000 tons of mixed xylol, 75,000 tons of olefin liquefied oil gas and 145,000 tons of sulfur.
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