SOCAR to start refinery construction in Turkey this year

President of he State Oil Company of the Azerbaijani Republic (SOCAR) Rovnag Abdullayev said that construction of the Star refinery in Turkey will start this year to launch it in 2016, Trend reports.

The facility will cost about $6 billion, 30% of which will be granted by shareholders. The refinery will provide materials for the Petkim industrial facility. Petkim needs about 1.66 million tons of oil, 80% of which is imported.

Adapted from Vestnik Kavkaza