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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