This year Azerkhimiya company, owned by SOCAR, will start construction of ammonia and carbamide plant with the capacity of 680,000 tons in Sumgait city, Muhtar Babayev, General Director of Azerkhimiya, said at the conference entitled “Russian and CIS Petrochemistry 2013” organized by Global Business Club company.
He said it is planned to build the similar plant in the neighboring Georgia.
Babayev added that in 2014 SOCAR plans to start construction of a new gas refinery, which will be able to refine 12 billion cub.m. of gas (two lines of 6 billion cub.m. each). The construction is planned to be completed in 2017. The plant’s raw materials will be used for the ethylene installation on Azerkhimiya.
Azerkhimiya has been reconstructing the ethylene installation and considers possibility of its expanding from 300,000 to 450,000 tons. The project will be implemented by Technip company.
Azerkhimiya has been also working on the construction of low pressure polyethylene and polypropylene installations. The projects were planned in the Soviet times, but that time their funding was suspended after the USSR collapse, Babayev explained.
“Since that time the raw materials have changed in the country, because petrol consumption has increased. As a result of that the share of naphtha in petrochemistry decreased to 40% and the remaining were gases,” he added.
SOCAR has been working on construction of oil and gas refining and petrochemical complex in Baku’s Garadag region. The complex is planned to be put into operation in 2018-2020. The petrochemical complex will be put into operation at the second stage and then the oil refinery with the capacity of 10 million tons a year. A-92, A-95, A-98, jet and diesel fuel are planned to be manufactured at the oil refinery.—0-
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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