STAR Refinery Boosts Aviation Fuel Production By 13.6% In May 2024
Date
7/30/2024 3:13:50 PM
(MENAFN- AzerNews)
Nazrin Abdul
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In May 2024, the STAR refinery, operated by the State Oil
Company of Azerbaijan (SOCAR) in Turkiye, reported a 13.6% increase
in Aviation fuel production compared to May 2023,
Azernews reports.
According to the Turkish energy market Regulatory Authority
(EPDK), the refinery produced 125,650 tons of aviation fuel in May
2024, up from 110,576 tons the previous year.
It's worth noting that during the COVID-19 pandemic, when demand
for aviation fuel declined, STAR adapted by reallocating its
production capacity-originally designed to produce 1.6 million tons
of aviation fuel-to diesel production. As restrictions eased and
demand for jet fuel surged, the refinery resumed its focus on
aviation fuel.
The STAR refinery, which began operations in October 2018 with a
total investment of $6.3 billion (including $3.3 billion in debt
financing), boasts an annual processing capacity of nearly 10
million tons. It can process up to 214,000 barrels of crude oil per
day.
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