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Separate power unit to be built in Turkey to supply SOCAR facilities with energy

Oil&Gas Materials 12 October 2017 21:31 (UTC +04:00)

Baku, Azerbaijan, Oct. 12

By Maksim Tsurkov – Trend:

SOCAR Turkey Enerji A.S. will hold a tender for the construction of a power unit to provide electricity to the Star refinery and Petkim petrochemical complex, the company’s head Zaur Gahramanov told reporters in Baku Oct. 12.

According to him, currently, a substation is being built on the Aliaga peninsula together with the local operator for the production of energy, which will ensure the Star refinery’s energy security.

Gahramanov noted that the power unit will be built by the third side.

“This will not be our project and we will simply conclude an agreement with a potential investor on the purchase of energy. We do not know who these investors are. There is a great interest both from the Turkish side and from foreign companies,” he added.

Petkim is the sole Turkish manufacturer of plastic packages, fabrics, detergents and other such products, quarter of which are exported.

Petkim shareholders are SOCAR Turkey Petrokimya A.S. (51 percent) and SOCAR Turkey Enerji A.S. (1.32 percent). Company’s 47.68 percent of shares are publicly traded on the stock exchange.

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Follow the author on Twitter: @MaksimTsurkov

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