BAKU, Azerbaijan, January 30. The STAR oil refinery of SOCAR Türkiye witnessed a substantial decrease in petroleum coke production in November 2023, down by 24.9 percent compared to the same period in 2022, Trend reports.
According to Turkey's Energy Market Regulatory Authority (EPDK), the refinery churned out 66,347 tons of petcoke in November this year, a notable decline from the 88,399 tons produced in the corresponding period in 2022.
The STAR refinery, with an investment cost of $6.3 billion, commenced operations in October 2018, with $3.3 billion of the project's expenses financed through loans.
Boasting an annual refining capacity of approximately 10 million tons, the plant can process 214,000 barrels of crude oil per day.
SOCAR Türkiye plans to temporarily suspend STAR refinery operations for maintenance in 2024, marking the first shutdown since its commissioning. Planned repairs aim to extend the interval between shutdowns to five years, potentially saving up to $40 million.
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