Turkey’ SOCAR to start import Iraqi oil next July

ANKARA, Turkey’s energy company SOCAR announced on Sunday the start of Iraqi oil imports instead of Iran from next July.

“The refinery, which relies on Iranian crude oil, may face problems in the future under the sanctions imposed on Iran by the US,” Turkish news agency (Anadolu) quoted SOCAR’ Executive Director Zohore Germanov as saying.

“SOCAR does not want to breach the sanctions by importing oil from Iran or exporting fuel to it,” he added.

Germanov noted that the Iraqi oil will be refined in Star refinery, which opened last October in the city of Izmir western Turkey.

He pointed out that work at the Star refinery began last year by refining Azerbaijani and Russian crude oil, adding that they are ready to refine heavy Venezuelan oil.

Turkish President Recep Tayyip Erdogan and his Azerbaijani counterpart Ilham Aliyev inaugurated the Star refinery with a capacity of 214,000 barrels per day (bpd) and 10 million tons of crude oil annually and can store 1.6 million square meters.

Source: Kuwait News Agency