Next year SOCAR does not plan to start dismantling of Azerneftyag oil refinery, which specializes in manufacture of heavy fractions.
SOCAR Vice President Davud Mammadov said that there is no need in that.
“Azerneftyag oil refinery has merged with the Heydar Aliyev oil refinery early last year. However, the process of Azerneftyag oil refinery shutdown is going on. This process will be completed in five years,” SOCAR Vice President said.
He said dismantling the shutdown oil refinery is not planning now. This issue could be discussed in 2-3 years.
A source from SOCAR told Turan that currently Azerneftyag has one operating installation manufacturing bitumen. After upgrade the bitumen installation will be put into operation on the Heydar Aliyev oil refinery in mid-2018. According to the instructions, the new installation will be first tested for 4-5 months and then by 2019 Azerneftyag will suspend its operations. Azerneftyag will need over a year and a half for dismantling of equipment and cleaning the site.—0-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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Rovshan Najaf, president of the State Oil Company of Azerbaijan (SOCAR), met with Sašo Berger, chairman of Slovenian energy company Petrol dd, and Simon Urbanc, CEO of Geoplin doo, on February 6, underscoring growing cooperation in the natural gas sector between Azerbaijan and Slovenia.
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