SOCAR has started reconstruction of the Heydar Aliyev oil refinery, SOCAR reported.
“The goal of the works to accelerate introduction of Euro-5 fuel environmental standards.”
According to the program, SOCAR plans to upgrade catalytic cracking and some other installations.
Italian Foster Wheeler has been working to increase productivity of ELOU-AVT-6 installation up to 7.5 million tons a year and to efficiently use its local thermal potential
US UOP company continues works to increase productivity of the catalytic cracking installation No 5 up to 2.5 million tons.
“Supplying Azerkhimya plant with raw material to produce 100,000 tons of polyethylene and 150,000 tons of polypropylene a year is a focus of attention,” said the same source.
SOCAR reported that in 2018-2019 the company plans to use technologies of UOP and other companies to build isomerization installation and installation for cleaning liquefied gas and gasoline fractions of the catalytic cracking installation from the sulphides.
The Heydar Aliyev oil refinery is the only plant in Azerbaijan, to which the abolished Azerneftyag was included since January 1, 2015.—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