Turkey’s Star Refinery closes financing with Canada’s EDC

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Middle East & Africa

Jonathan Bell

Editor-in-chief

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Export Development Canada (EDC) today formally announced its participation as a lead arranger in the overall development of the $5.6 billion project with Turkey’s Star Rafineri, majority owned by the State Oil Company of Azerbaijan Republic (Socar). Star stands for the Socar Turkey Aegean Refinery. The initial signing of this project financing goes back to May 2014 – while subsequent.