The Socar Turkey Enerji subsidiary of Azerbaijan’s state oil firm Socar has awarded a $3.5bn contract to a consortium led by Spain’s Tecnicas Reunidas to build the Socar Turkey Aegean Refinery (STAR) at Aliaga on Turkey’s Mediterranean coast. This takes the total crude distillation capacity officially scheduled to be brought online by Middle East and North Africa (MENA) region refiners to more than 3.2mn b/d during 2013-18.
The STAR refinery will be built on a lump-sum turkey basis under an engineering, procurement, construction and commissioning contract by Spain’s Tecnicas Reunidas, Italy’s Saipem, South Korea’s GS Engineering and Construction and Japan’s Itochu. Socar estimates the total cost of the project at $4.35bn. Construction is expected to take 49 months, with commissioning slated to begin in mid-2017. (CONTINUED - 513 WORDS)