SOCAR plans refinery build in Turkey (UPDATED)
BAKU – Azerbaijan’s state oil company Socar plans to build a new refinery in Turkey in October, its head Rovnag Abdullayev was quoted by media as saying.
According to Abdullayev, investments worth $5 billion are needed for the construction of the plant, which is due to be completed in 2015.
The refinery’s capacity is expected to be 10 million tons of crude per year.
The refinery will meet the needs of the Petkim petrochemical complex and sell its products on the Turkish market.
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