SOCAR announces expected oil refining volume in Azerbaijan

  24 April 2019    Read: 1462
SOCAR announces expected oil refining volume in Azerbaijan

The oil refining volume at the Heydar Aliyev Baku Oil Refinery will reach 6.1 million tons in 2019, Vice President for Oil and Gas Transportation and Gas Facilities of the Azerbaijani State Oil Company SOCAR David Mammadov told reporters on April 24.

Mammadov made the remarks at the conference “Oil Refining and Petrochemistry of the Caspian Sea and Central Asia - Conjuncture, Projects Implementation, Technical Solutions” in Baku.

“This figure reached 6.14 million tons in 2018,” he added. Mammadov also stressed that the refinery would suspend the activity for a month due to the planned repair in October 2019.

According to the Azerbaijani State Statistics Committee, the production of oil products reached about 1.2 million tons in January-March 2019. This figure was 4.76 million tons of oil products in 2018.

The Heydar Aliyev Baku Oil Refinery is being modernized. The modernization of the refinery will be completed in 2021, after which the operational life of the refinery will last till 2040.

The cost upgrading of the Heydar Aliyev Baku Oil Refinery is estimated at about $ 2.2 billion.


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