The Star oil refinery in Turkey owned by the Azerbaijani state oil company SOCAR plans to complete construction of the oil receiving marine terminal before late 2016, Director General of the refinery Ibrahim Palaz said.
“All the major work concerning the terminal will be completed until the end of 2016”, Palaz said. “The two other terminals intended for shipment of finished oil products will be ready for operation in September 2017”.
The annual naphtha production volume, used by Petkim as the main raw material, will amount to 1.66 million 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 tons, 500,000 tons of aviation kerosene, 500,000 tons of reformate, 630,000 tons of petroleum coke, 240,000 tons of liquefied gas, 415,000 tons of mixed xylene, 75,000 tons of olefin LPG and 145,000 tons of sulfur. The refinery will not produce petrol and fuel oil.
It is planned to refine Azeri Light, Kerkuk and URALS oil at the plant.
At present, the share distribution in the project is as follows: 60% is owned by Rafineri Holding A.S. (100% owned by SOCAR Turkey Enerji A.S.), which had previously acquired all the remaining 18.5% share of Turcas Petrol in the project, and 40% belongs to SOCAR. (Trend/Business World Magazine)