US ExxonMobil and Chemlube INT Inc companies with participation of local specialists have worked out the project of reconstruction of the oil refinery in Turkmenbashi city, reported the Turkmenistan Ministry of Oil and Gas Industry and Mineral Resources.
The same source said that the US companies have worked out the project for reconstruction of the installation for manufacture of oils by introduction of the catalytic isodeparaffination process.
“As soon as the project is implemented, the plant will be able to increase production of oils by 100,000 tons a year and start manufacture of new types of the so-called hydro-synthetic oils,” the same source said.—0---
Economics
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According to the State Customs Committee, in the first eleven months of this year, Azerbaijan transported 6.96 million tons of cargo by rail, worth $3.01 billion. This represents a 4% decrease in volume and a 10.1% decline in value compared to the same period in 2023.
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The Cabinet of Ministers of Azerbaijan has approved a set of regulations to govern the approval of agreements under the country’s competition law, aimed at fostering compliance with legal frameworks and enhancing market transparency.
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Azerbaijan's ambitious program to restore territories liberated from Armenian occupation has attracted attention due to the extensive use of single-source procurement methods, raising concerns about transparency and corruption.
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Azerbaijan recorded a 2% increase in wheat imports from January to November 2024 compared to the same period in 2023, underscoring its continued reliance on external sources to meet domestic demand. This growth comes amid a significant decline in domestic wheat production, which decreased by 148,100 tons in 2024, further intensifying the need for imported supplies.
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