Another contract was signed on February 22, 2016 as a part of the project of upgrade of the Heydar Aliyev oil refinery.
SOCAR press office reported that the contract was signed between the oil refinery and SOCAR Fugro. The contract has been signed by Heydar Aliyev oil refinery director Elman Ismaylov and SOCAR Fugro General Director Chris Mott.
The contract envisages the ground survey works to design infrastructure of the oil refinery and its territories.
SOCAR reported that Fluor company took part in preparation of the plan of ground works and SOCAR Foster Wheeler company is the company that designed the oil refinery upgrade.—0—
Economics
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Turkey is in talks with the United States seeking an exemption from sanctions imposed on Russia’s Gazprombank, a key financial institution for energy transactions, to maintain gas payments to Russia, Energy Minister Alparslan Bayraktar said on Tuesday.
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Kazakhstan is charting an ambitious course to transform its oil export infrastructure, aiming to increase annual shipments via the Baku-Tbilisi-Ceyhan (BTC) pipeline by more than thirteenfold—from the current 1.5 million tons to an estimated 20 million tons. The bold strategy, presented by Energy Minister Almasadam Satkaliyev during a parliamentary session, underscores Kazakhstan’s intent to become a major player in the energy supply chain stretching from Central Asia to Europe.
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Two new vice presidents have been appointed at BP's Azerbaijan, Georgia, and Turkey (AGT) region division, according to a press release from BP-Azerbaijan.
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Data on Azerbaijan's oil exports for January-October 2024 reveals a significant drop in both volume and value compared to the same period last year, highlighting the challenges facing the oil-dependent economy. The country exported 495,484.05 tons of oil products worth $309.02 million, a decrease of 40.3% in value and 40.7% in volume compared to 2023, when exports totaled 925,225.07 tons worth $572.21 million.
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