Izmir, Turkey, August 24, 2016 --(PR.com
)-- The World Refining Association and SOCAR Turkey today announced that top management team from SOCAR Turkey and STAR Refinery will be present at the 19th Annual CEE and Turkey Refining and Petrochemicals Conference, taking place in Izmir, Turkey from the 19th – 21st of September 2016.
The event will host 40 decision makers from major operators in the region such as Tüpras, Petkim, Rompetrol, OMV Petrom, and INA, encompassing an array of operators from the CEE and Turkey region.
Commenting on the event, Kay Mitchell, General Manager of the World Refining Association said, “We’re delighted to be returning to Izmir once again with the full support of SOCAR Turkey and STAR Refinery. We see the CEE and Turkey region playing a pivotal role in the global downstream industry and the Petkim peninsula is at the very forefront of the industry in this region.”
SOCAR Turkey will be presenting a number of exciting updates at the summit and have confirmed a number of their senior management team will be speaking including; Zaur Gahramanov, CEO, SOCAR Turkey; İbrahim Palaz, General Manager, STAR Refinery and Elchin İbadov, Chief Financial Officer, STAR Refinery. Additionally, Johannes Benigni, Managing Director, JBC Energy, Dimitrios Koufos, Associate Director – Resource Efficiency Investments, EBRD and Grzegorz Bledowski, EFRA Project Director, Grupa LOTOS SA will also be sharing their expert insight.
Sponsors of the CEE & Turkey Refining and Petrochemicals Summit include: Siemens, Dupont, Daily Thermetrics, Sulzer, CB&I, Innospec and Alfa Laval.
The two day conference will provide the opportunity to hear some of the recent developments in the area, market network and to get an update on SOCAR Turkey/Petkim/STAR Refinery senior management and commitment to investing in Turkey. STAR Refinery's senior management will be on hand to share their updates, opportunities and challenges. STAR Refinery project, which has been the largest in Turkey in terms of investment for the last 40 years, is now ready for 70 percent. Production will start in 2018. Along with naphtha, the new oil refinery will produce diesel fuel with ultra-low sulfur and aviation kerosene, reformate, petroleum coke, LPG, mixed xylenes.
Foreign investment in Turkey is doubled in the last five years. Turkey’s main assets include a young, dynamic population, a large domestic market, and a strategic location, combined with strong infrastructure and much improved public services. An increase in business investment and innovation as well as in education and skills are main factors boosting the productivity growth.