Tag: Petkim

Star oil refinery to be commissioned in Q3 2018 – Turkey, 23 February 2018

The State Oil Company of Azerbaijan (SOCAR) said that its Star oil refinery, which is the first oil refinery built in Turkey in the last 30 years, will be commissioned in the third quarter of 2018. The investment worth 6 billion dollars will will supply feedstock to Turkish petrochemicals firm Petkim in order to help […]

Lukoil and SOCAR plan to jointly invest in Turkey – Turkey, 15 August 2017

State Oil Company of Azerbaijan (SOCAR) and Russian oil company Lukoil are considering the possibility of joint acquisition of new assets in the Turkish fuel market. Lukoil’s senior Vice President for sales and supplies, Vadim Vorobiev said that Turkish retail fuel market remains attractive for the company, which actively promotes its interests in this sector […]

SOCAR Turkey to increase investments – Turkey, 21 July 2016

Vagif Aliyev, Chairman of the Board of SOCAR Turkey, local subsidiary of the State Oil Company of Azerbaijan (SOCAR), announced that the company will continue to invest in Turkey even after the failed coup on 15 July and stressed that this event will not damage the investments in Turkey. Aliyev said that SOCAR’s investment in […]