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
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Natural gas supplies from Azerbaijan to Bulgaria have been temporarily suspended due to technical reasons from January 6, 2025, Turan reports. Bulgarian «Bulgargaz» Energy Company has announced the suspension, noting that supplies are expected to resume on January 11, 2025.
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In 2024, Azerbaijan welcomed 3.523 million passengers from 38 countries via air transportation, reflecting a significant 32.1% increase compared to the previous year. According to the State Tourism Agency, this also marks an expansion in reach, with visitors arriving from three additional countries, an 8.5% rise year-on-year.
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As Azerbaijan sets an ambitious trajectory for economic growth in 2025, the country is poised to expand its investment portfolio and develop innovative financial instruments. These efforts aim to create a favorable environment for both domestic and international investors, while steering the economy away from oil dependency toward diversified and sustainable growth.
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In 2025, Azerbaijan will celebrate a series of public holidays and mourning events combining cultural traditions, religious rituals and national commemorations. The calendar, approved by the Cabinet of Ministers, defines significant dates that will provide citizens with the opportunity to honor their heritage, reflect on history, and relax with family and friends.
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