Since august SOCAR plans to start shipment of chemical products via terminal to Kulevi
Monthly volume of transshipment of chemical products via the Kulevi oil terminal of SOCAR company will total about 4,000 tons. This will become possible owing to the new complex for propylene transshipment.
A source from SOCAR said that annual volume of transshipment of chemical cargoes via the Kulevi terminal will total about 50,000 tons. Transshipment of chemical products will start in August 2012.
The complex for transshipment of propylene includes compressors, transformers, nitrogen stations and a platform for propylene shipment. The complex allows loading products into the tankers directly from the railway cisterns.
Kulevi port was built on the Black Sea coast, in the mouth of Khobizkali river. The ships come to the port through the artificially dug canal 3.6 km long, 160 meters wide and 16-18 meters deep. There are three berths in the port: two deep-water ports to receive tankers with various dead weight, including modern Aframax vessels and one as a parking for auxiliary fleet.-0-
-
- Politics
- 25 July 2012 12:30
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review