Azerbaijan to reach peak capacities of gasoline production by 2017

Economy Materials 14 May 2015 12:31 (UTC +04:00)

Baku, Azerbaijan, May 14

By - Trend:

SOCAR (State Oil Company of Azerbaijan) plans to produce a little more than 6.5 million metric tons of oil products in 2015, SOCAR vice president on refining issues Javid Mammadov told reporters May 13.

"Level of gasoline consumption significantly increases in Azerbaijan," Mammadov said. "If it continues to increase, our capacities will reach the breaking point by 2017 and we will not be able to provide further growth of consumption. So, reconstruction and modernization are needed."

He went on to add that the decision to produce only AI-92 gasoline on existing refineries was made April 2014, and the domestic demand for AI-95 gasoline will be achieved through imports.

"It will also contribute to the relative improvement of the ecological situation, as Euro-5 gasoline and diesel fuel are currently the most environmentally friendly," Mammadov said. "Given the fact that consumers of AI-95 gasoline are mainly private companies and well-to-do citizens, it does not affect the increase of social tension. At the moment we are working on this program. The share of A-92 gasoline in total consumption is 95 percent. In the future we will produce A-95 gasoline as well."

He said that in accordance with the plan, production of Euro-5 gasoline will begin since 2018 after the completion of reconstruction work at the refinery.

Edited by CN