Within the project of reconstruction and modernization of the plant, the Heydar Aliyev oil refinery of the SOCAR and Tecnicas Reunidas officially signed an Engineering, Procurement, and Construction (EPC) contract for reconstruction of facilities, AzerTac reported on December 20, 2017.
SOCAR´s CEO Rovnag Abdullayev, Director of Heydar Aliyev Baku oil refinery Elman Ismayilov, 1st Vice Chairman/CEO at Tecnicas Reunidas Juan Llado Arburua and other officials have attended the signing ceremony.
The contract with the company TR provides for reconstruction of existing installations and general economy of the plant.
Speaking at the event, Abdullayev noted that today SOCAR implements a number of large investment projects in the field of production, as well as it contributes to the diversification of its business portfolio and the country's economy: «SOCAR's refinery and modernization project at Heydar Aliyev oil refinery has a special place in this context. We are now in the process of launching more modern and efficient facilities for meeting demand for quality engine fuels, diesel and gasoline products that meet the Euro-5 standards. I believe that cooperation with Tecnicas Reunidas will have a positive effect on successful implementation of this project».
Notably, SOCAR is planning to carry out reconstruction at the refinery in 3 stages and to build 14 new plants:
Construction and commissioning of a new Bitumen plant and associated plant facilities, as well as a new gas-filling station in Phase I in 2018.
Construction of new facilities for getting diesel fuel that meets the Euro-5 quality standard at the 2nd stage by the end of 2020 and implementation of relevant reconstruction works;
In final stage, construction and reconstruction of new A-92/95/98 petrol production facilities by 2021 that meet the Euro-5 quality standards.
As a result of the works, annual processing capacity of the plant will increase from 6 mln. to 7.5 mln tons, quality indicators of produced gasoline and diesel fuel will meet the Euro-5 standards and A-92/95/98 gasoline products of the plant.
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