UP

Azerbaijan eyes to earn annual 600 mln USD

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto
Azerbaijan eyes to earn annual 600 mln USD

STAR oil refinery, which built in Turkey by the State Oil Company of Azerbaijan Republic (SOCAR) will earn 600 mln. USD annually.

The enterprise will launch in 2018.

According to the information, STAR's launching will put an end to dependence of Turkish petrochemical sector on abroad and official Ankara will annually save 1,2 billion USD. STAR will meet 3,5% of Turkey's balance of payments deficit.

Notably, 5,65 billion USD invested in STAR and it's considered the biggest project financing in the history of Turkey.

12 000 employees, including 1 972 engineers from 14 countries involved in the construction of the plant.

Date
2016.07.01 / 22:30
Author
Axar.az
See also

Global oil prices continue to rise

Gold prices reach new all-time historic high

Oil prices continue to rise on global markets

US Federal Reserve keeps the interest rate unchanged

Oil prices jump on global markets

Gold futures hit new record high

SOFAZ’s gold reserves reach 200 tons

$550B plan Japan, US synthetic diamond plant

Azerbaijan’s forex reserves reach $85.2 billion

Oil prices fall again on global markets

Latest
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla