SOCAR’s STAR Refinery reduces oil imports y-o-y

Oil Materials 31 May 2021 15:21
Baku, Azerbaijan Trend News Agency Leman Zeynalova
SOCAR’s STAR Refinery reduces oil imports y-o-y

The STAR oil refinery of Azerbaijan’s state oil company SOCAR in Turkey imported 794,477 tons of crude oil in March 2021 as compared to 848,148 tons in the same period of 2020, Trend reports citing Turkey’s Energy Market Regulatory Authority (EPDK).

STAR Refinery’s exports stood at 67,160 tons in March 2021, compared to 255,150 tons in March 2020.

The EPDK report shows that STAR refinery produced 417,417 tons of diesel, 10,840 tons of jet fuel and 11,797 tons of marine fuel. In addition, during this period, the refinery produced 78,779 tons of intermediate products, 79,277 tons of other products, 78,273 tons of heavy vacuum gas oil, 14,431 tons of LPG, 113,560 tons of naphtha, 64,766 tons of petroleum coke, 22,372 tons of refinery gas (non-liquid) and 934 tons of diesel fuel with a high sulfur content.

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.