Azerbaijan to start building $4-bln refinery in Turkey in 2008
The State Oil Company of Azerbaijan will start building a $4 billion oil refinery in Turkey in 2008, company president Rovnag Abdullayev said Thursday.
The refinery, expected to have capacity of 15 million tons annually and to consist of an oil refining unit and a petrochemicals unit, will be built close to the Ceyhan port on the Mediterranean, to which oil is pumped via the Baku-Tbilisi-Ceyhan pipeline.
Abdullayev also said the Turkish government had allocated 1,000 hectares of land for the refinery, and that a feasibility study is underway.
The 1,700-kilometer (1,000-mile) Baku-Tbilisi-Ceyhan oil pipeline, expected to start operating at full export capacity (1 million bbl/d) in 2008, pumps crude from Azerbaijan's oil fields off the Caspian coast via Georgia to Turkey, and onto Western markets. // RIA "Novosti"
- Oil production in Azerbaijan decreased in January 2012
- Forecasts confirm: oil boom in Azerbaijan is approaching to end
- Azerbaijan-Turkey gas deal's impact on supply to Europe
- British Petroleum proposes South-East Europe Pipeline in place of Nabucco
- Moldova: Gasoline and diesel should decrease in price
- Russia and Norway agree deal over oil-rich Barents Sea
- Should Azerbaijan say “no” to the Nabucco pipeline project?
- Azerbaijan could say ‘no’ to Nabucco?
- BP offers 'new proposal' to salvage deal, says Rosneft
- Obama: US will seek oil in Alaska and Gulf of Mexico
- Asia, US helps Mercedes Benz sales hit record high in 2006
- Cricova: The Largest Underground Wine Cellar in the World
- What does Remortgage mean?
- Dutch bear profit rises 26 percent
- Foreign direct investment in India doubles during 2006
- Greece: Socialist government's budget deficit of 12.5% caused debt crisis
- Toyota in talks to build new China plant
- Walt Disney profit up 39 percent
- DaimlerChrysler is not planning to manufacture trucks in India