SOCAR has plans to build a gas processing plant in Azerbaijan by 2022.
The Managing Partner of BM Morrison Partners Aykhan Asadov stated that engineering and design work has been completed and it is planned to begin construction of the plant this year. Asadov noted that that there was a plan to build a single oil and gas processing complex in Azerbaijan; however, due to the oil prices fall, the initial plan was changed.
“The project was planned to be implemented in 2017-2020. The complex was to consist of four sections: a gas processing plant with a capacity of 10 billion cubic meters of gas per year, an oil refinery with a capacity of 10 million tons per year, a petrochemical plant and a 250-megawatt power plant,” he said.
Asadov noted that the changes mainly affected oil refining. In particular, instead of building new capacities, attention was focused on modernizing Heydar Aliyev Baku Oil Refinery.
“By the end of November 2020, it is planned to produce 3.3 million tons of diesel per year at the refinery, and by February 2021 – 2.2 million tons of gasoline annually,” he emphasized.
BM Morrison Partners (BM) is the first private law firm established in the independent Azerbaijan. For over 25 years of its existence, BM has been among traditional market leaders in Azerbaijan.
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