BAKU, Azerbaijan, Nov.8
By Leman Zeynalova - Trend:
SOCAR Turkey, subsidiary of Azerbaijan’s state oil company SOCAR, will increase the capacity of the STAR Refinery from the current 11 million tons per year to 13 million tons, Trend reports with reference to Turkish media.
The flexibility of the refinery’s units will make it possible to boost the capacity without making any changes in the production technology.
The project’s cost is 250,000 euros.
Star Refinery, with investment value of $6.3 billion came on stream in October 2018. Around $3.3 billion of the project’s cost was covered by loans. The total investment in Star Refinery is expected to stand at $7 billion.
The annual processing capacity of Star Refinery is 10 million tons. It meets around 25 percent of Turkey’s refined oil products. The refinery is able to process 214,000 barrels of crude oil per day.
The latest data from Turkey’s Energy Market Regulatory Authority (EPDK) shows that in August 2021 the STAR refinery produced 533,289 tons of gasoline, 3,258 tons of high-sulfur fuel oil, 72,777 tons of jet fuel, 118,606 tons of other intermediate products, 115,135 tons of other products, 222 tons of heavy vacuum gas oil, 16,818 tons of liquefied petroleum gas, 131,058 tons of naphtha, 81,008 tons of petroleum coke, 30,459 tons of refinery gas and 132 tons of diesel fuel with a high sulfur content.
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