Azerbaijan's STAR Refinery Among 3 Biggest Enterprises In Turkiye
Date
6/29/2024 10:17:16 PM
(MENAFN- AzerNews)
refinery Among 3 Biggest Enterprises In Turkiye Image' Width='242' Height='268'/>
Ulviyya Shahin
Read more
The STAR oil refinery, a State Oil Company of Azerbaijan (SOCAR)
asset in Turkiye, achieved a position among the top three
enterprises in Turkiye in 2023, as per the Istanbul Chamber of
Industry rankings, Azernews reports citing Anadolu
Agency,
In the "500 largest industrial enterprises in Turkiye in 2023"
study by the Istanbul Chamber of Industry (ICI), Turkiye's largest
industrial enterprise title remained with Turkiye Petrol
Rafinerileri AS (TUPRAS) at the end of 2023, recording sales from
its own production totaling 484.2 billion liras ($14.7
billion).
Ford Automotive, previously ranked third in 2022, advanced to
second place with sales amounting to 238 billion liras ($7.220
billion).
STAR Refinery, which held the second position in 2022, dropped
to third place last year with production sales reaching 226.8
billion liras ($6.88 billion).
The top 10 list also featured Istanbul Refinery, Toyota
Automotive, Oyak-Renault, Arcelik, Mercedes-Benz Turk AS, Gram
Kiymetli Madenler A.S., and Eregli Demir ve Celik Fabrikalari
TAS.
Opened on October 19, 2018, the STAR refinery has a capacity of
13 million tons and processes oil types including Azeri Light,
Kirkuk, and Urals. It supplies raw materials to the Petkim
petrochemical complex and enables SOCAR to enter the Mediterranean
market with diesel fuel, jet fuel, and chemicals.
SOCAR's investment in the construction and development of the
STAR refinery totaled approximately $7 billion.
MENAFN29062024000195011045ID1108389004
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.