Azerbaijani President and Turkish PM to join groundbreaking ceremony of SOCAR’s oil refinery plant in Turkey

Azerbaijani President and Turkish PM to join groundbreaking ceremony of SOCAR’s oil refinery plant in Turkey
# 21 October 2011 12:16 (UTC +04:00)
According to Chairman of SOCAR & Turcas Company’s Board of Directors Kanan Yavuz, along with this event, Heydar Aliyev Technical Vocational School and AYPE-T Factory will be opened in Aliaga settlement.

K. Yavuz spoke about targets of SOCAR & Turcas Community until 2023. He noted that, Petkim would be most important oil-chemistry centers of Europe and the capital invested in the company would reach $10 bln by 2023. Annual export of wil make 5 bln tons.

He also noted that, $5 bln would be invested in Star oil refinery plant. Annual productive capacity will be 10 mln tons and will be launched in 2015.

The plant will produce LPG and oil for Petkim, diesel and aircraft fuel for domestic market. The plant is planned to produce 500,000 tons o aircraft fuel per year.
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