Kazakhs, Eni join $4.9bn Turkey petchem project

07 December 2007 17:38  [Source: ICIS news]

PRAGUE (ICIS news)--Kazakhstan's state energy group KazMunaiGaz (KMG) said on Friday it and Italy's Eni are to join Indian Oil Corporation (IOC) and Turkey's Calik Holding to build a $4.9bn (€3.6bn) refinery-cum-petrochemicals complex in southern Turkey.

The facility, which will centre on a 15m tonne/year refinery in the Mediterranean port city of Ceyhan, will aim to supply Turkish chemicals maker Petkim Petrokimya with feedstock.

It should go into first-phase operations from 2012, added the KMG spokesman.

Turkey has approved the construction of several refineries with petrochemical units in and around Ceyhan.

The locality is a terminus for the new Baku-Tbilisi-Ceyhan (BTC) pipeline that delivers Caspian Sea crude oil.

($1 = €0.68)

By: Will Conroy
+44 20 8652 3214

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