Sumgait, Azerbaijan, Apr. 13
By Huseyn Valiyev – Trend:
Construction of the carbamide plant of Azerbaijan’s state oil company SOCAR has been completed by more than 90 percent, the plant’s director Khayal Jafarov told reporters in Sumgait city Apr. 13.
He said that in general the work on the project has been implemented by 94-95 percent and the detailed design stage has been fully completed.
The construction and installation work at the plant has been implemented by about 70 percent, Jafarov said.
He noted that the Export-Import Bank of Korea (Korea Eximbank) allocated a loan worth 500 million euros in order to finance the project.
“We have already received the first tranche of the loan,” Jafarov said. “We spent 201 million euros for interim financing. This loan was received from the Korean bank separately from the main amount and was fully repaid. The next tranche within the loan is expected by the end of April, 2017. The loan payments will be made monthly.”
The plant will produce 1,200 tons of ammonia per day, and natural gas will be feedstock there, he added.
Ammonia will be used for carbamide production, said Jafarov, adding the plant will produce 2,000 tons of carbamide per day, or around 700,000 tons per year.
“This will make it possible to fully meet the domestic demand and sell the remaining part (approximately 400-500,000 tons of carbamide per year) at foreign markets,” said Jafarov, adding that Turkey and the Black Sea and the Mediterranean Sea countries, where the carbamide consumption is high, are considered as the main markets.
South Korea’s Samsung Engineering is general contractor of the plant’s construction.