In 2013, the state oil fund of Azerbaijan allocated $475.1 million to the project of the Star oil refinery in Turkey
Edited by Rhod Mackenzie / 2014-01-29 11:12:07
In 2013, the state oil fund of Azerbaijan allocated $475.1 million to the project of Star oil refinery in Turkey. This year the sum can be over $285 million. SOCAR Turkey Enerji A.S., a 100% subsidiary of SOCAR holds 81.5% at Star Rafineri A.S., and the rest of 18.5% belongs to TURCAS Rafineri Yatirimlari A.S, a 99.6% property of Turcas Petrol A.S. The daily capacity of the project is 214,000 barrels, i.e. 10 million tons a year, and the cost of the project is $5.3 billion.