BAKU, Azerbaijan, January 29. STAR Oil Refinery owned by SOCAR, the state oil company of Azerbaijan, in Türkiye, produced 23,736 tons of liquefied petroleum gas (LPG) in November 2024, reflecting a notable increase of 58.59% compared to the 14,966 tons produced in November 2023, Trend reports via the Energy Markets Regulatory Authority (EPDK) of Türkiye.
Oil deliveries to the refinery decreased by 16.71 percent in November 2024 compared to the same period in 2023. In November 2024, the refinery received 843,759 tons of oil, down from 1.013 million tons in November 2023.
STAR Refinery commenced operations on October 19, 2018. It ensures the integration of refining and petrochemicals and represents the largest single-location real sector investment in Türkiye.
Since late 2024, the refinery's crude oil processing capacity has reached 13 million tons per year. In 2023, the utilization rate of production capacity stood at 117.1 percent. STAR Refinery produces various petroleum products, including diesel, naphtha, aviation fuel, and LPG, meeting approximately 18 percent of Türkiye’s demand for refined petroleum products in 2023. The refinery’s annual naphtha production almost fully meets Petkim’s raw material needs.
Follow the author on X: @Lyaman_Zeyn