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Tag: SOCAR Turkey Energy

SOCAR’s giant investment project – STAR Refinery launched

SOCAR, the largest direct foreign investor in Turkey, launched its $6.3-billion SOCAR Turkey Aegean Refinery – STAR Refinery, which will provide a large portion of…

Petkim to pay second tranche for STAR Refinery by end of this month

Petkim Holding, in which the State Oil Company of Azerbaijan (SOCAR) holds the main share, will pay the second tranche ($240 mln) of funds required…

Star Refinery expected to generate annual profit of $500mn

The annual profit from the activities of the Star refinery in Turkey, built by SOCAR Turkey Energy, will be $ 500 million per year, said the head…

Construction of second phase of TANAP to be completed next year

The construction of the second phase (from Eskişehir to the Greek border, Phase-1) of Trans-Anatolian Natural Gas Pipeline (TANAP), constructed for transportation of Azerbaijani gas…

SOCAR Turkey Energy purchased 7% stake in TANAP

SOCAR Turkey Energy Inc., subsidiary of the State Oil Company of Azerbaijan (SOCAR) in Turkey has become a shareholder of Trans Anatolian Gas Pipeline project, which exports…

SOCAR Invests $12.6 Bn in Turkish Projects So Far

The main goal of the State Oil Company of Azerbaijan by the 100th anniversary of the Turkish Republic is to transform these territories into one…

Turkish Petkim Increased Its Net Profit by 2.4 Times in Q1

The net profit of the Turkish petrochemical holding Petkim in the first quarter of 2017 compared with the same period in 2016 increased by 2.4…

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