Capacity of Azerbaijani refinery in Turkey to exceed 10 million tons oil per year
Ukraine, Kiev, October 12 / Trend , Z.Novosvitski /
Planned capacity of the refinery, which will be built in Turkey, will amount to 10-15 million tons of oil per year, the head of SOCAR (State Oil Company of Azerbaijan) Rovnag Abdullayev said to press conference in Kiev on Oct. 12.
Abdullayev said that at this stage, the feasibility study of the enterprise is prepared.
The new plant will meet the raw materials needs of the Petkim petrochemical complex. The rest of the oil will be sold on the local market and in Europe. The construction of the plant will require at least three or four years.
Abdullayev said to press conference that currently the capacity of Petkim petrochemical complex was loaded at 94 percent. As a result of nine months, its operations were profitable.
Formerly the Turkish Administration for Privatization approved the alliance Socar/Turcas Petrol/Injaz Projects as the winner of the tender on the sale of the 51% share of Turkish Petrochemical Holding Petkim. Turkey currently imports 70-75% of the necessary chemical products, but developing Petkim, the investment alliance SOCAR/Turcas/Injaz will provide an opportunity to increase the import up to 30%.
Petkim Petrokimya Holding is specialized in the production of plastic packages, fabric, detergents and is only producer of these goods in Turkey exporting the fourth part of the output.
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