Azerbaijani officials visit Turkey's leading petrochemical complex
By Amina Nazrli
President of Azerbaijan's state energy company SOCAR Rovnag
Abdullayev and Economy and Industry Minister Shahin Mustafayev
visited Petkim Petrochemical Complex in Aliaga district of Izmir
Province, Turkey.
Petkim Petrochemical Complex, in which SOCAR owns equity shares, is
the leading petrochemical company of Turkey. Founded on April 3,
1965, the main plant complex is located in Yarımca, Izmit.
The Azerbaijani officials were informed about the activities and achievements of the Petkim. The Azerbaijani delegation also attended the opening ceremony of Plastic Packing Factory of the company. They also familiarized themselves with the progress of construction of a container port in the company.
Then, Abdullayev and Mustafayev visited the construction area of the Star oil refinery plant.
The Star refinery, with the expected production capacity of 10
million tonnes per year, will provide the Petkim Petrochemical
Complex with naphtha. The major part of the refinery's products
will be sold in Turkey's domestic market and the rest will be
exported to South Europe and Mediterranean Sea countries.
The first products of the refinery company Star will be ready by
the end of 2017.
SOCAR will become the third largest company of Turkey in the energy sector of the country after launching "Star" factory.
Total project cost of the refinery, which was launched in 2011, exceeds $5 billion. It is one of the largest investment projects of Turkey.