The State Oil Company of Azerbaijan (SOCAR) has signed with the company Neste Jacobs (Finland) a contract for the provision of advice on management and inspection services for the project of construction of an urea plant in Sumgait.
According to the State Procurement Agency, the company was selected by tender. The Finnish company has estimated its services in 14 419 552 manat.
The SOCAR urea plant has been under construction since December 2011. The general contractor since 2013 is Samsung Engineering Co., Ltd (South Korea). The plant construction project is estimated at $ 500 million and is funded by the state budget.
Under the project developed by the Danish and Dutch companies, the annual capacity is 1,200 tons of ammonia and 2,000 tons of urea per day. It is expected that the plant will be commissioned in late 2016. ----08B
Economics
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Azerbaijan’s Milli Majlis ratified the second amendment to the agreement on the joint development of the Azeri-Chirag-Gunashli (ACG) oil and gas block during its plenary session on Wednesday. The bill was submitted to parliament as a legislative initiative by President Ilham Aliyev.
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The 104th meeting of the Commonwealth of Independent States (CIS) Economic Council was held in the Russian capital, with representatives from member states discussing enhanced economic collaboration and key regional initiatives. Azerbaijan was represented by First Deputy Prime Minister Yagub Eyyubov.
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Azerbaijan’s Information and Communication Technologies Agency (IKTA) reported significant improvements in the quality of internet and telecommunications services in the first half of 2024, driven by a comprehensive assessment framework and enhanced regulatory measures.
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In 2024, Azerbaijan will double its gas supply to Bulgaria, which not only uses this gas for its own needs but also partially sends it to its Balkan Gas Hub and, by agreement with SOCAR, organizes the transit of various volumes to its neighbors.
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