Azerbaijan to import 110,000 T of petrol in Oct due to refinery maintenance

Azerbaijan to import 110,000 T of petrol in Oct due to refinery maintenance

Azerbaijan’s only oil refinery plans to import 110,000 tonnes of A-92 petrol in October while it halts production for a month for routine maintenance, state energy company SOCAR’s vice president told Reuters on Thursday, reports Trend citing to Reuters

The refinery, which is owned by SOCAR, will halt production from Oct 1. The company’s petrochemicals unit, Azerkhimia, will also halt production for 40 days starting Oct 1. Routine maintenance at the refinery was also conducted last year.

“It’s not ruled out that purchases (of A-92 petrol) would be made from Russia and Turkmenistan, although it will depend on prices and some other options might be reviewed,” Davud Mammadov said in an interview.

The refinery and Azerkhimia fully satisfied the country’s oil refining and petrochemical products needs at present, he said.

SOCAR plans to complete modernising the refinery by 2021 and start a new oil processing line at the plant, allowing it to increase oil processing to 7.5 million tonnes annually in 2023-2024 from 6 million tonnes at present, Mammadov said.

“Azerbaijan intends to increase condensate production at such fields as Absheron, Umid, Babek and others by that date, which will increase loading at the refinery,” he said.

SOCAR plans to process 6.1 million tonnes of oil at the refinery in 2019. Last year the volume was 6.14 million tonnes.

Azerbaijan mainly exported two types of petroleum products - liquefied petroleum gas (LPG) and diesel fuel, Mammadov said.

Azerbaijan plans to sell around 11,000 tonnes of LPG and up to 400,000 tonnes of diesel fuel on the world market in 2019, of which 8,000 tonnes of LPG and 200,000 tonnes of diesel fuel have already been exported.

Mammadov said that buyers of diesel fuel were Black Sea and Mediterranean Sea countries, while LPG is being exported to Georgia and Afghanistan.

LPG was being delivered to Afghanistan by ferry across the Caspian Sea via Turkmenistan, as well as by road through Iran.

“Azerbaijan does not sell oil products to Iran, since Iran is self-sufficient,” he said.

Mammadov said that SOCAR would increase production of polypropylene and polyethylene at its new SOCAR Polymer enterprise this year, bringing total volume to 100,000 tonnes.

“Commissioning works at the polypropylene production plant has been completed and it has already produced about 55,000 tonnes of polypropylene, while commissioning of high density polyethylene producing line is nearing completion,” he said.

He added that SOCAR Polymer was focused on the markets of Russia, Turkey, Eastern Europe and China.

“At this stage, textile polypropylene brand RAFİA is mainly produced at the plant, which is exported to Turkey,” Mammadov said. (Writing by Margarita Antidze; Editing by Deepa Babington)

Subscribe to Trend in Google News! Subscribe
Georgia receives COVID-19 support grant from German Development Bank
Georgia receives COVID-19 support grant from German Development Bank
SOCAR Georgia Gas increases gas tariffs
SOCAR Georgia Gas increases gas tariffs
Georgian cities receive EU grant for cultural development
Georgian cities receive EU grant for cultural development
Loading Bars
Baku Metro provides ‘November 8’ station with backup power supply (Exclusive) (PHOTO)
Renewable electricity generation to exceed average annual growth rate of 2015-2020
Expansion of bioenergy for power capacity to slow down
Renewable energy capacity to expand by 2026, says IEA
Azerbaijan talks ongoing work to provide electricity to liberated Lachin district
Special representative of Azerbaijan's President in liberated territories within Karabakh economic region appointed
German Ambassador expresses condolences to Azerbaijan over deadly helicopter crash
Iran, Syria sign four cooperation agreements
Iran to invest in Syrian industrial towns
Austria extends COVID-19 lockdown by 10 days
Branch of Azerbaijan’s Balakhani Operating Company opens tender to buy pipes, pumps
Baku electric company opens tender to buy materials for lamp posts repair
Organization of social zone of Aghdam Industrial Park completes in Azerbaijan – minister
Deputy Prime Ministers of Azerbaijan, Armenia and Russia to meet in Moscow today
Azerbaijan’s Azerishig opens tender for reconstruction of substation in Sumgayit
Kazakhstan increases trade with India over 9M2021
Nar continues to grow IT professionals (PHOTO)
India provides medical, humanitarian aid to over 150 countries to deal with COVID-19: MEA
Georgia receives COVID-19 support grant from German Development Bank
Turkey-Azerbaijan trade turnover grows in October 2021
Kazakhstan reports increase in maritime transport volumes
SOCAR Petroleum to open new petrol station in Azerbaijan’s Gubadli district
SOCAR Georgia Gas increases gas tariffs
Iran reveals COVID-19 data for December 1
Azerbaijan discloses data on oil exports to Israel
Georgian cities receive EU grant for cultural development
Saudi Arabia reports first Omicron case coming from north Africa
Georgian FM expresses condolences for lives lost in crash of military helicopter
PMO records increase in cargo movements in Iranian ports
Turkey’s BOTAS increases gas imports
Hungary launches Stipendium Hungaricum scholarship programm
Russia working out celebration program for 30th anniversary of ties with Azerbaijan - MFA
Burial ceremony of Azerbaijani helicopter crash victims held in second Alley of Martyrs (PHOTO/VIDEO)
Georgian Embassy expresses condolences to Azerbaijan on helicopter crash
Iran to prepare budget bill with highest economic growth estimates - President Raisi
Construction and installation work under completion at Khojasan metro station (PHOTO)
Dynamics of OPEC+ production in 2021-2023
Share of Iranian government in earnings from crude oil exports to decrease – Official
Some try to use helicopter crash for political purposes - Azerbaijan's prosecutor general (PHOTO)
Azerbaijan lost comrades - head of Azerbaijani State Border Service on helicopter crash
Azerbaijan sees increase in local payments of foreigners via bank cards
Azerishig OJSC reveals work done to supply power to Azerbaijan’ Kalbajar
Russian Moscow Exchange and Uzbek Toshkent Stock Exchange sign co-op agreement
Turkey increases volume of crude oil import for 10M2021
Turkey shares data on marine fuel exports to Georgia
Volume of industrial production in Uzbekistan increases - Bluestone Investment Bank
Uzbekistan eyes to construct new hydroelectric power plants
Azerbaijan increases cars import over 10M2021
Turkmenistan discloses amount of products sold via local commodity exchange
Iran sees increase in value of trade turnover via Mazandaran Province customs
Turkmenistan’s State Concern open tender for fertilizer plant construction
Azerbaijan doubles export of non-food products
Azerbaijan, Nepal consider signing agreement in IT sector - AIDIA CEO
Azerbaijan may help Nepal to solve cybersecurity issues - CEO of AIDIA
Azerbaijan compiles rating of state, non-state exporters
Azerbaijan reveals sales volume via Azexport website for 10M2021
Implementation of North-South Int’l transport Corridor intensifies Azerbaijan-Iran relations - analysis
JP Morgan forecasts increase in regional oil demand
Closest place for buying a Bakcell number
Сertain countries can abandon use of LNG altogether
LNG supply expected to grow over near term – Fitch Solutions
Iran's Energy Exchange announces products to be on sale on Dec. 1
Survivors of military helicopter crash in Azerbaijan talk about incident (VIDEO)
Turkmenistan-Azerbaijan-Iran gas swap deal to open more possibilities of co-op – Rystad Energy
Azercosmos discloses its revenues from services export for 10M2021
German state reports four fully vaccinated people infected with Omicron
Azerbaijan's ASAN Visa model - best solution for Nepal's tourism sector, AIDIA CEO says
Azerbaijan holds farewell ceremony for servicemen who died in military helicopter crash (PHOTO/VIDEO)
Georgia to launch new agriculture insurance program in 2022
Turkmenistan's Turkmenbashi refinery to purchase chemicals through tender
Bodies of Azerbaijani servicemen from military helicopter crash, taken to farewell ceremony (PHOTO)
President of European Council hints at Georgia being among most reliable partners for EU
Rasht-Astara railway of great importance to Iran - Iranian official
First President of Kazakhstan expresses condolences to President Ilham Aliyev over deaths of Azerbaijani servicemen as result of helicopter crash
President Ilham Aliyev calls First President of Kazakhstan Nursultan Nazarbayev
Volume of cargo loaded/unloaded in ports of Iran’s Abadan County soars
Georgia releases COVID-19 data for December 1
UK ambassador views de-mining work in Azerbaijan’s Tartar (PHOTO)
Kazakhstan's revenues from passenger transport via internal waters skyrocket
Azerbaijani oil prices decrease
Interest in dev’t strategy of inland transportation via 'One Belt One Road' growing - analyst
Covishield 63% effective against Covid, 81% against moderate-severe infection: Study
Bodies of Azerbaijani servicemen from fatal helicopter crash, handed over to their relatives (PHOTO/VIDEO)
Russian Embassy expresses condolences to Azerbaijan due to military helicopter crash of State Border Service (PHOTO)
Azerbaijani currency rates for December 1
Uzbekistan reveals its top polyethylene export destinations in 10M2021
Iranian currency rates for Dec. 1
US Ambassador to Azerbaijan expresses condolences for lives lost in crash of military helicopter
Azerbaijan reveals ongoing construction of Shukurbeyli-Jabrayil-Hadrut highway (PHOTO)
Azerbaijani FM to take part in meeting of OSCE FMs
Tesla dominates as EV sales take off in Israel
ADB funding bridge construction in Georgia
Uzbekistan shares domestic COVID-19 data for November 30
SOCAR Turkey intends to boost its activities - CEO
SOCAR Turkey's head talks Petkim goals
Oil rises 1% ahead of OPEC meeting under Omicron cloud
Baku Stock Exchange to hold auction for short-term notes of Central Bank
Azerbaijan provides water supply to liberated Lachin district (PHOTO)
Azerbaijan’s export of non-oil products increases
Azerbaijan increases gas export since early 2021
All news