SOCAR Turkey Enerji A.Ş. is the energy distribution division of the state petroleum company of Azerbaijan, SOCAR, one of the largest petroleum and gas companies in the world.
It operates in the areas of petroleum products, aviation and maritime. It is one of the most important players in the world energy market with agencies operating in more than 10 countries in the world as well as companies and partnerships in Turkey, Switzerland, Georgia and Ukraine and other countries. SOCAR started its operations in Turkey as the largest shareholder of PETKİM by the name of SOCAR Turkey Enerji A.Ş. in May 30th 2008.
On the other hand, the SOCAR Turkey Aegean Refinery (STAR), the foundations of which were laid on April 25th 2011, became the first investment to be approved in the scope of Strategic Investments within the Law of Incentives. The 10 million ton capacity refinery is important for the domestic production of the basic chemicals the sector needs. The Star Refinery which is planned to be completed in 2015 will become the largest foreign investment of Turkey with a 5.5 billion USD cost.