SOCAR suspends cogeneration plant project in Turkey

The plant was meant to provide Petkim and Star refinery with electricity as well as ensure the sale of electricity to Izmir’s population.

Mammadov didn’t rule out the possibility of the project’s implementation in the future and pointed out that it needs more careful approach from the technical point of view.

"The project’s technical reassessment is necessary, as providing the Star refinery with electricity is an important issue,” he added.

Annual production of naphtha, used by Petkim (where SOCAR has equity participation) as the main raw material, will reach 1.66 million tons at the Star refinery.

Along with naphtha, the new oil refinery will produce 5.95 million tons of diesel fuel with ultra-low sulfur, 500,000 tons of aviation kerosene, 500,000 tons of reformate, 630,000 tons of petroleum coke, 240,000 tons of liquefied gas, 415,000 tons of mixed xylene, 75,000 tons of olefin LPG and 145,000 tons of sulfur.

The refinery will not produce petrol and fuel oil. It will refine Azeri Light, Kerkuk and URALS oil.