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Tag: STAR refinery

SOCAR Turkey’s investments were awarded by announcing as Special Industrial Zone

Our investments in Turkey, continuously made for ten years, have been awarded by announcing as a Special Industrial Zone, SOCAR Turkey CEO Zaur Gahramanov said in connection…

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…

First crude oil tanker in June to reach STAR port from Azerbaijan

The first crude oil tanker for “Star” oil refinery, which is under construction in Aliaga, Izmir city of Turkey, will be sent from Azerbaijan in…

SOCAR Turkey to use French company’s technology at petrochemical complex

SOCAR Turkey Enerji A.Ş., a subsidiary of  SOCAR in Turkey, has selected the French Axens’ ParamaX Technology Suite for its project of aromatics and PTA (Purified Terephthalic…

Turkish Petkim buys 18% of shares in SOCAR Refinery

The Turkish petrochemical complex Petkim acquired an 18% stake in STAR Rafineri A.S., a company engaged in the construction of the STAR refinery in Izmir….

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