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SOCAR to build new chemical plant in Azerbaijan

March 17/2011

(Trend) -- The State Oil Company of the Azerbaijan Republic (SOCAR) in 2011 plans to launch a construction of a carbamide plant in the Sumgait city, SOCAR President Rovnag Abdullayev said on Wednesday. The plan t will be built close to Azerkimya, he added.

Following the entrance into the balance of SOCAR, Azerkimyas production cycle closed up and now the State Oil Company is engaged in oil and gas extraction, refining and selling, oil and gas distribution, as well as the production and sale of chemical products, he stressed.

The company intends to focus its efforts on development and modernization of enterprises entering its balance, Abdullayev said. In particular, preparation is underway i for the establishment of new oil and gas refining, petrochemical complexes.

SOCAR also intends to continue to work on reconstruction and modernization of existing chemical plants, and creating a new technology park for the final chemical products.

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