STAR REFINERY (GREENFIELD)
Having received Turkey’s first strategic investment incentive certificate, STAR Refinery is built on a land of 2400 decares on Petkim Peninsula. Having the capability of processing various crude oil types including Ural, “Azeri Light’ and Kirkuk, STAR Refinery will have a total of 1.640.000 storage capacity with 63 tanks. STAR is Turkey’s first private-sector founded refinery and has a total cost of $6 billion. $3.29 billion of the total cost will be covered by the project financing loans whereas the remaining $2.4 billion will come from the investor company capitals.