Energy Market Regulatory Authority (EMRA) President Mustafa Yılmaz, assembly members and bureaucrats visited the STAR Refinery, one of the biggest oil operations of the Europe, Middle East and Africa (EMEA) Region and also one of the biggest projects of SOCAR Turkey. The delegation, hosted by SOCAR Turkey CEO Zaur Gahramanov and STAR Refinery General Manager Mesut İlter, made site visits as well.
At the meeting, SOCAR Turkey CEO Zaur Gahramanov gave information about SOCAR's projects in Turkey, and STAR Refinery General Manager Mesut İlter mentioned about the progress achieved in the refinery project, 95 percent of which has been completed.
Mesut İlter stated that 19,500 people from 14 countries are working in the refinery, and 3,000 of them are engineers. The construction will be completed by the end of this year, and mechanical tests will continue until the third quarter of 2018. “After the commissioning of the STAR Refinery, one of Turkey's largest projects for localization, there will be approximately 1.5 billion USD saving in the import of petroleum products per year. STAR Refinery will also be one of the world's most environmentally friendly, efficient and state-of-the-art refineries," said İlter. Underlining that STAR Refinery is the private sector’s largest single investment in Turkey, İlter added: “Holding Turkey's first Strategic Investment Incentive Certificate, the refinery has 10 million tons of crude oil processing capacity annually. Having a storage capacity of 1.6 million cubic meters, the refinery will produce 1.6 million tons of naphtha, 5 million tons of low sulfur diesel fuel, 1.6 million tons of jet fuel, 300,000 tons of LPG and 1 million tons of petrochemical raw material per year.”
The EMRA delegation participated in the information meeting under the leadership of President Mustafa Yilmaz and then visited the STAR Refinery field, which will be operational in the third quarter of 2018.