SOCAR (State Oil Company of Azerbaijan) is interested in purchasing of France’s Total petrol stations in Turkey, Hurriyet newspaper reported on April 29.
The interest is explained by Total’s intention to leave the Turkish market, the newspaper reported.
SOCAR is interested in acquiring Total’s 5.3-percent share in Turkey. The newspaper didn’t provide additional details.
Currently, SOCAR is building a STAR refinery in Turkey. Its products will be sold on the domestic market.
The annual naphtha production volume, used by Petkim as the main raw material, will hit 1.66 million metric tons at the Star refinery.
Along with naphtha, the new oil refinery will produce diesel fuel with ultra-low sulfur to the amount of 5.95 million metric tons, aviation kerosene – 500,000 metric tons, reformate – 500,000 metric tons, petroleum coke – 630,000 metric tons, liquefied gas – 240,000 metric tons, mixed xylene – 415,000 metric tons, olefin LPG – 75,000 metric tons and 145,000 metric tons of sulfur. The refinery will not produce petrol and fuel oil.
