BAKU, Azerbaijan, Aug.14
By Leman Zeynalova – Trend:
STAR Refinery of Azerbaijan’s state oil company SOCAR has been included in Turkey's Top 500 Industrial Enterprises 2019 by Istanbul Chamber of Industry (ISO), Trend reports citing the ISO.
The Top 5 companies for the value of production sales are TÜPRAŞ-Türkiye Petrol Rafinerileri A.Ş., Ford Otomotiv Sanayi A.Ş., Toyota Otomotiv Sanayi Türkiye A.Ş., Oyak-Renault Otomobil Fabrikaları A.Ş. and Star Rafineri A.Ş.
The opening ceremony of the Star oil refinery took place on October 19, 2018 in Izmir, Turkey. Its refining capacity is 10 million tons of crude oil per year.
STAR Refinery, which has the most modern technology, is able to refine more than 100 types of oil.
STAR Refinery with investment value of $6.3 billion, meets 25 percent of Turkey’s demand for refined petroleum products alone. Its refining capacity is 10 million tons of crude oil per year.
STAR Refinery produced 3.6 million tons of diesel, 1.2 million tons of jet fuel, approximately 800,000 tons of naphtha, 200,000 tons of liquefied petroleum gas (LPG), 600,000 tons of reformat and 400,000 tons of petrocoke as of the end of 2019. The volume of crude oil refined at STAR Refinery in 2019 reached 7.1 million tons. The start of domestic sales by STAR Refinery in 2019 contributed to around $2 billion worth of import cuts to Turkey.
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