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(refiningandpetrochemicals)
-- State-owned State Oil Company of Azerbaijan Republic (SOCAR) will commission
the planned new oil gas processing & petrochemical complex worth USD14bn
near Baku on a phased basis between 2017 and 2020.
SOCAR's oil and gas
and petrochemical project department deputy head Shamil Hakimov told News.Az the
complex will consist of an oil refinery, liquefied natural gas (LNG) processing
plant, petrochemical plant and power plant.
"The complex will be realized
stage by stage. The first stage envisages speeding up work on the gas processing
plant," Hakimov added.
The gas processing plant would be the first to be
operational in 2017 with the complex being completed in 2020.The gas processing
plant would have a capacity of 15bn cubic meters per year while the oil refinery
will process 10m tons of crude oil per year.
Nearly 70% of feedstock will
be derived from the Shirvan, Oil Rocks and Surakhani fields, while the rest of
the 30% will be Azeri Light and additional feedstock could be sourced from
Russian and Kazakh oil. |
