Kuwaiti firm mulls refinery construction in Ceyhan
Posted by meb at September 4th, 2008
A leading Kuwaiti oil company has started feasibility studies on the establishment of an oil refinery in Adana’s Ceyhan district, the end point of the Baku-Tbilisi-Ceyhan (BTC) pipeline, which transports Azerbaijani oil to international markets.
A four-member delegation led by Kuwait Petroleum International (KPI) Vice President Mohammed Rashed Jasem recently visited Ceyhan and met with local officials, the Anatolia news agency reported yesterday.
The delegation was briefed at the Ceyhan Chamber of Commerce and Industry after visiting the regional headquarters of the Turkish Pipeline Corporation (BOTAŞ) and the Yumurtalık Free Trade Zone.
Ceyhan Chamber of Commerce and Industry President Ali Duru said he had briefed the Kuwaiti delegation on the opportunities for energy investment in the region. “The Kuwaitis left our city with many ideas [for investment],” he said.
Four companies have so far submitted applications to construct refineries in Ceyhan, including Çalık Holding and Petrol Ofisi. If all of the applicants are allowed to establish refineries in the region, there will be a processing capacity of up to 40 million tons of oil annually. The amount of oil delivered to Ceyhan from Baku is 190 million tons per year.
“It is claimed that just two refineries would be enough to handle 25 percent of total annual delivery, which is the estimated amount to be allocated to the refineries. But we believe the region may have up to five refineries since this city has enough land and energy resources to satisfy the needs of all of these refineries,” he added.
source: Today’s Zaman
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