Azerbaijan, Baku, Nov.17 / Trend, A. Tagiyeva /
The municipality of the Turkish city of Izmir withdrew its petition to the State Council (instance reviewing court matters related to public administration) over a complaint for the construction of an oil refinery belonging to the joint venture project SOCAR-Turcas and now agrees to support the construction of the oil refinery, the Zaman newspaper reported.
Earlier, the Izmir municipality had repeatedly stated that the construction of the oil refinery in the city is contrary to the architectural and town-planning regulations.
A ceremony of laying the foundation of a new oil refinery which will provide the petrochemical complex Petkim, co-owned by SOCAR, with raw materials, was held in Izmir on Oct. 25.
The new oil refinery costing $5.5 billion will primarily focus on providing the complex with raw material. The oil refinery's capacity will hit 10 million tons per year. Oil products manufactured at the plant will be focused on covering the requirements of Petkim, the Turkish domestic market and the countries of the Mediterranean region.