Loan backs US exports to Turkish refinery

The US Export-Import Bank has authorized a $640.7 million direct loan to Star Refinery AS, Istanbul, to finance the export of US equipment for a 214,000-b/d refinery planned in Aliaga, Turkey (OGJ Online, Dec. 14, 2010).

Star Refinery is the first project planned on the Petkim Peninsula by SOCAR Turkey Energy AS, a joint venture of State Oil Co. of Azerbaijan Republic and the government of Turkey. SOCAR Turkey owns 51% of Petkim, operator of a petrochemical complex with which the new refinery will be integrated.

The refinery will have a 66,000-b/d hydrocracker, a 40,000-b/d delayed coker, and a 28,000-b/d continuous catalytic regeneration reformer.

Hydrotreating capacities will be 20,000 b/d for naphtha, 26,000 b/d for kerosine, and 68,000 b/d for diesel.

The refinery also will have a hydrogen unit able to produce 3.84 million cu m/day.

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