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08.09.2015 14:58

SOCAR executives familiarize with projects on Aliaga peninsula in Turkey

The State Oil Company of Azerbaijan has reported that the SOCAR delegation led by Companys president Rovnag Abdullayev visited a number of SOCAR facilities on Turkish peninsula Aliaga near Izmir.

Within the framework of the visit the SOCAR delegates held presentation of its projects of the Company in Turkey.

In particular, at the presentation it was stated that construction of oil refinery Star (capacity: 10 million tons a year) has been completed by 30% and is on schedule.

The first stage of the construction project in the bay of Petlim port will be finished in October.

SOCAR president expressed satisfaction that petrochemical holding Petkim (SOCAR has a control equity stake in it) completed the past half of 2015 with net profit of 232 million Turkish liras.

The SOCAR delegation took part in laying the foundation of a laboratory at the Star refinery and familiarized itself with works in the harbour.

The events involved SOCAR vice president Suleyman Gasimov, SOCAR vice-president Badal Badalov, head of the SOCAR Investment Department and head of the SOCAR Energy Turkey Board of Directors Vagif Aliyev, SOCAR Turkey Energys chairman of board and general director Kenan Yavuz, the management of Petkim.

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