SOCAR Turkey Energy joins Oil Industry Association
SOCAR Turkey Energy, a subsidiary of the State Oil Company of Azerbaijan (SOCAR) in Turkey, has become a member of the Oil Industry Association (PETDER),…
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…