SOCAR has started preparation to construction of a new bitumen installation at the Baku-based oil refinery named after Heydar Aliyev, reported SOCAR.
“The site on the territory of sulfur production installation, construction of which has not been completed, has been selected for the bitumen installation. The facilities located on this section have been dismantled, metallic wastes gathered and moved,” said the same source.
The company reported that the area allocated for the bitumen construction has been cleaned from wastes using cranes, bulldozers and other machinery and the digging work has been done as well.
In mid-2018 SOCAR plans to put into operation a new bitumen installation on the oil refinery. The project will be implemented jointly with Austrian Porner GmbH company. Construction of a new bitumen installation will allow establishing production of high quality bitumen.
US Fluor Limited company acts as contractor and operator of the project of construction of a new bitumen installation on the oil refinery.—0—
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review