News Archive

10 April 2019

SOCAR Aviation to supply jet fuel to Istanbul Airport

Major tender to supply 700 000 tons of annual jet fuel awarded


SOCAR Aviation, a subsidiary of SOCAR, the largest direct foreign investor in Turkey won a jet fuel tender announced by Istanbul Airport (İGA). Murat Erdoğan, Trading Manager of SOCAR Türkiye said they would supply 700 000 tons of jet fuel annually to Istanbul Airport for a five year period. It was announced by IGA that SOCAR Aviation has beaten off competition among foreign and local companies to win the tender to supply jet fuel to the airport. It will supply 700 000 tons of jet fuel annually for five years . SOCAR Aviation, entered the Turkish aviation sector in 2013 and in a short period has become one of the largest companies in the sector.

Murat Erdoğan, Trading Manager of SOCAR Türkiye, said SOCAR Türkiye has made significant investments in the liquid fuel sector: “The Turkish aviation sector is growing. Istanbul Airport is expected to require 60 percent of Turkey’s jet fuel consumption after reaching full-capacity operation. SOCAR Aviation is also growing together with Istanbul Airport and the Turkish aviation sector and we are proud that among the foreign and local companies we have been chosen to supply such a significant volume of jet fuel.” Erdoğan reminded that SOCAR’s other subsidiary STAR Refinery will produce 1.6 million tons of jet fuel after reaching full production. He said: “From the outset SOCAR Aviation has signed a number of important deals and has become a jet fuel supplier to some large airports. We will continue this to become stronger with STAR Refinery and extend operations within the integrated value chain of SOCAR Türkiye”.

Jet fuel market’s growing potential

SOCAR Aviation, which entered the aviation sector in 2013, began its first jet fuel supply with an agreement signed with Pegasus at Istanbul’s Sabiha Gökçen Airport. In 2016, developing its cooperation with global airlines, the sector’s leaders, SOCAR Aviation started to supply Turkish Airlines at Istanbul’s Atatürk Airport, Adnan Menderes in Izmir as well as Bodrum airport. This year it will supply half of Turkish Airlines’ fuel requirement at Sabiha Gökçen, along with Izmir, Bodrum, Antalya and Dalaman airports.