home . news & publications . Investment News . Azerbaijan to start Turkey refinery construction Oct

Azerbaijan to start Turkey refinery construction Oct

Azeri state energy company SOCAR plans to start construction of a 10 million tonnes per year oil refinery in Turkey at the end of October, SOCAR's president said on Wednesday.

"Beginning of the construction at the end of October is realistic, while the launch of the factory's facilities will be possible within four years," Rovnag Abdullayev told reporters.

Investments into the project are estimated at $4.5 billion-$5.0 billion, he said.

The refinery will supply major Turkish petrochemical company Petkim , which is controlled by SOCAR.

Its main products will be gasoil, jet fuel, and naphtha produced for domestic consumption in Turkey as well as for exports.

Source: Reuters

Back to top


events view our upcoming events.

network follow us.

   facebook  linkedin  twitter

anglo-asian ata-holding
azpetrol statoil
bny_melon azertrans
chevron_logo conocophillips
  ibar exxonmobil
 solar-turbines boeing-logo-website