SOCAR's STAR Refinery Gets Back In Saddle In Türkiye
Date
11/1/2024 5:14:09 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, November 1. refinery of STAR,
one of the companies in the group of Türkiye's largest direct
foreign investor and the largest integrated industrial group SOCAR
Türkiye (a subsidiary of the State Oil Company of Azerbaijan), has
resumed its operations after successful completion of planned
repairs, which lasted about two months, Trend
reports via SOCAR Türkiye Energy.
According to the company, the STAR Refinery has undergone its
first planned production shutdown for maintenance and modernization
of all equipment.
The company announced the successful completion of the
maintenance work to increase the refinery's production capacity.
The STAR refinery operates continuously in integration with another
company in the SOCAR Türkiye group, Petkim.
Following these upgrades, the operational efficiency of the
refinery will improve, enabling uninterrupted production for the
next five years without the need for planned shutdowns.
With the completion of the capacity expansion project
implemented alongside the planned shutdown, the refinery's
production capacity has increased by 2.5 percent.
To note, commissioned in October 2018, the STAR Refinery was
built with a total investment of $6.3 billion, of which $3.3
billion was financed through loans. The refinery has an annual
processing capacity of approximately 10 million tons and can handle
up to 214,000 barrels of crude oil per day.
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