Baku, Azerbaijan, Feb. 17
By Orkhan Quluzade – Trend:
Mesut Ilter was appointed director general of STAR oil refinery, says a message on the company’s website.
This post was previously held by Ibrahim Palaz, who was appointed as an advisor to the chairman of the board of directors at SOCAR Turkey Enerji A.S. – subsidiary of Azerbaijan’s state oil company SOCAR.
At present, the share distribution in the STAR project is as follows: 60 percent is owned by Rafineri Holding A.Ş. (100 percent owned by SOCAR Turkey Enerji A.S.), which had previously acquired all the remaining 18.5 percent share of Turcas Petrol in the project, and 40 percent belongs to SOCAR.