Azerbaijan discloses investment in Turkish refinery project

State Oil Fund of the Republic of Azerbaijan (Sofaz) said it allocated just over 3% of its budget expenditures in 2013 for financing the construction of the 214,000-b/d Star Refinery planned in Aliaga, Turkey (OGJ Online, Dec. 14, 2010).

Between January and December 2013, Sofaz allotted $474 million of its total budget expenditures of $15.7 billion to construction-related costs for the Star refining complex, the oil fund said.

The investment announcement from Sofaz follows the US Export-Import Bank’s recent authorization of a $640.7 million direct loan to Star Refinery AS, Istanbul, to finance export of US equipment for the construction of the complex (OGJ Online, Dec. 6, 2013).

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

In addition to a hydrogen unit able to produce 3.84 million cu m/day, the complex also will have hydrotreating capacities of 20,000 b/d for naphtha, 26,000 b/d for kerosine, and 68,000 b/d for diesel.

Related Articles

Canadian firms plan BC gas plant, target LNG export

08/19/2014 AltaGas Ltd. and Painted Pony Petroleum Ltd., both of Calgary, have agreed to develop processing and marketing of natural gas and NGLs for Painted ...

NRL lets contract for Karachi refining complex

08/19/2014 Pakistan’s National Refinery Ltd. (NRL) has let a contract to China National Chemical Engineering Corp. Ltd. (CNCEC) for work related to the upgrad...

CSB releases incident report for Tesoro’s Martinez refinery

08/18/2014 Loose pipe fittings are to blame for a sulfuric acid release that seriously injured two workers in early February at the alkylation unit of Tesoro ...

Hydrogen unit shuttered at Neste’s Porvoo refinery

08/18/2014 Neste Oil Corp. has shuttered a hydrogen production unit for repairs at its 205,000-b/d Porvoo refinery in the Kilpilahti Industrial Area, about 20...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected