Bank Of Baku

Azerbaijani leader: We will have 22 million tons of refinery capacity in the Mediterranean and Aegean regions

Azerbaijani leader: We will have 22 million tons of refinery capacity in the Mediterranean and Aegean regions
# 03 March 2026 16:07 (UTC +04:00)

"Among important achievements for us is also the acquisition of two refineries in Italy with a total capacity of 10 million tons," President of Azerbaijan Ilham Aliyev said during his speech at the 12th Ministerial Meeting within the framework of the Southern Gas Corridor Advisory Council and the 4th Ministerial Meeting within the framework of the Green Energy Advisory Council, APA reports.

"If we add that to what we already have on the Turkish Aegean coast — a 12-million-ton refinery — in total we will have 22 million tons of refinery capacity in the Mediterranean and Aegean regions, which will definitely help provide sustainable supplies of oil products. Thousands of petrol stations are also part of the deal," the head of state noted.

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