Refining

SOCAR Turkey will supply 700.000 tons of jet fuel to Istanbul Airport on an annual basis.

SOCAR is represented in Turkey by its subsidiary SOCAR Turkey Energy.

The largest oil companies are playing an increasingly important role in high impact exploration but performance was down in 2018.

Iranian oil accounted for about five percent of Cosmo'.s total procurement.

Aramco is expanding its refining operations and petrochemical output.

Around 300.000 bpd of crude oil previously pumped and exported in the Kirkuk province to the Turkish port of Ceyhan.

Aramco planned to invest up to $1.6 billion in Hyundai Oilbank. to expand its foothold in South Korea.

U.S. sanctions have removed 800.000 bpd of heavy crude from the global market.

Aramco fully owns three refineries in Saudi Arabia and the Motiva Enterprises LLC plant in the U.S.

The company is preparing to raise debt in part to pay for the acquisition of a majority stake in domestic petro-chemical group Sabic.