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Volume of oil products sales from Star Refinery announced

Oil&Gas Materials 3 May 2019 15:30 (UTC +04:00)

Baku, Azerbaijan, May 3

By Leman Zeynalova – Trend:

The total volume of oil products sold by Star Refinery in Turkey’s domestic market stood at 56,133 tons in January-February 2019, Trend reports citing Turkey’s Energy Market Regulatory Authority (EPDK).

During the reporting period, Star Refinery’s products accounted for 1.39 percent in Turkey’s domestic market, said EPDK.

Reportedly, the exports of oil products by Star Refinery in February 2019 stood at around 195,756 tons, including 90,914 tons of diesel fuel, 68,377 tons of fuel oil and 36,464 tons of aviation fuel.

This is while the crude oil imports by Star Refinery amounted to 383,342 tons, reads the report.

The opening ceremony of the Star oil refinery took place on October 19, 2018 in Izmir, Turkey.

The total refining capacity of the refinery will be 10 million tons, and Azerbaijan’s state oil company SOCAR is the main supplier of crude for the refinery. The refinery will significantly reduce the dependence of Turkey on imports of petrochemical products.

The refinery worth $6.3 billion, built by SOCAR in the Aliaga District of Izmir, will produce 1.6 million tons of naphtha, 1.6 million tons of aviation fuel, 4.8 million tons of low-sulfur diesel, 700,000 tons of petroleum coke, 420,000 tons of mixed xylene and 160,000 tons of sulfur.

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