SOCAR TURKEY

SOCAR Turkey is primarily an industrial company that owns and operates factories, including refineries and petrochemical plants. While it also engages in energy trading, its core identity is that of a major producer and industrial investor.

SOCAR Turkey Company Introduction

SOCAR Turkey is a leading energy and petrochemical company operating in Turkey, serving as the Turkish subsidiary of the State Oil Company of Azerbaijan Republic (SOCAR). It stands as one of the largest foreign direct investors in Turkey.

The company's operations encompass a broad spectrum of activities within the energy and industrial sectors. Its key assets and investments include:

1. STAR Refinery: One of the largest oil refineries in the region, producing diesel, jet fuel, naphtha, and LPG.

2. Petkim: A prominent petrochemical complex that manufactures a wide range of plastic products, chemicals, and other derivatives essential for various industries.

3. Natural Gas Distribution: Significant stakes in companies like İzmirgaz, involved in natural gas distribution networks.

4. Trans-Anatolian Natural Gas Pipeline (TANAP): A crucial project for transporting natural gas from Azerbaijan to Turkey and further to Europe.

5. Logistics and Terminals: Ownership and operation of facilities such as SOCAR Terminal and Petkim Limanı (Petkim Port), which support its integrated supply chain and logistics capabilities.

SOCAR Turkey's strategic focus is on vertical integration, connecting its upstream energy resources with downstream production (refining and petrochemicals) and distribution within the Turkish market and for export. Its substantial investments significantly contribute to Turkey's industrial output, energy security, and economic development.

SOCAR Turkey produces or sells a wide range of products primarily in the energy and petrochemical sectors. These include:

- Refined Petroleum Products

- Diesel

- Jet Fuel

- Naphtha

- LPG (Liquefied Petroleum Gas)

- Petroleum Coke

- Petrochemical Products (from Petkim)

- Polymers such as High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polypropylene (PP), and Polyvinyl Chloride (PVC)

- Basic petrochemicals including Ethylene, Propylene, Benzene, Toluene, Mixed Xylenes, and Vinyl Chloride Monomer (VCM)

- Other chemicals like Chlorine, Caustic Soda (Sodium Hydroxide), Phthalic Anhydride, Ethylene Glycol, Carbon Black, P-Xylene, O-Xylene, and Styrene Monomer

- Natural Gas

- Electricity

- Logistics and Storage Services

- Port and container terminal services

- Fuel storage services