SOCAR has no plans to import Iranian oil for Star Refinery

Azerbaijan’s state oil company SOCAR is due to purchase crude oil from Iraq next month to process at its Star Refinery in Turkey, SOCAR Turkey CEO Zaur Gahramanov said, Trendreports citing London-based SHARQ AL-AWSAT newspaper.

Gahramanov said the refineries that rely on Iranian crude oil might face future problems due to US sanctions, and that his firm doesn’t wish to violate the sanctions by importing oil or exporting fuel to Tehran.

Deputy Head of Public Relations Department at Azerbaijan’s state oil company SOCAR Ibrahim Ahmadov told Trend that SOCAR has never bought Iranian oil for the Star Refinery.

The US decision to end exemptions to sanctions on Iranian oil imports became effective on May 2. Turkey abided by the decision despite its previous rejection.

Gahramanov remarked that 1.5 million tons of crude oil has been processed at the Star Refinery so far, adding: “We plan to process 8 million tons of crude oil by the end of the year. As of next month, we will start buying Iraqi oil from the Arabian Gulf.”

The opening ceremony of the Star oil refinery took place on October 19, 2018 in Izmir, Turkey.