It is operated by the State Oil Company of the Republic of Azerbaijan SOCAR,[1][2][3] who holds 60% of the ownership.
The remaining 40% being owned by the Ministry of Economy of the Republic of Azerbaijan.
[4] The construction of the refinery started in 2011, cost around US$6-7 billion and became operational in October 2018.
[5] Climate Trace estimates it emitted over 3 million tonnes of the country’s greenhouse gas in 2023.
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