08 January 2014 14:55 [Source: ICIS news]
LONDON (ICIS)--Foster Wheeler has won a contract for project management consultancy at Turkey’s planned grassroots STAR Rafineri in Aliaga, near Izmir, the Switzerland-based international energy and petrochemicals engineering major said on Wednesday.
The refinery is expected to start operations in 2017 when it will produce a range of products including jet fuel, diesel, naphtha, petroleum coke and liquid petroleum gases.
Foster did not disclose the contract’s value.
Foster Wheeler already executed the front-end engineering design (FEED) for the refinery, and it also provided the license and basic design package for the refinery’s delayed coker.
Azerbaijan’s state oil company SOCAR is the controlling shareholder in STAR.
SOCAR CEO Kenan Yavuz added that the refinery was an important investment for Turkey as it would “significantly reduce” the country’s dependence on imports of many petroleum derivatives.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections