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SOCAR announces initial period to start construction of refinery in Turkey

Oil&Gas Materials 24 August 2010 19:54 (UTC +04:00)

Azerbaijan, Baku, August 24 /Trend, E.Ismayilov/

According to forecasts, SOCAR (State Oil Company of Azerbaijan) plans to begin construction of a refinery in Turkey, near the petrochemical complex Petkim, in mid next year, a source in SOCAR said on August 24.

According to the source, currently engineering works are underway for the construction of refinery. It will also be necessary to pre-place orders for equipment needed for the construction of the plant.

"It is difficult to talk about the exact date, but it is expected to be in mid next year," said the source.

Earlier, Foster Wheeler AG announced that a Global Engineering and Construction Group subsidiary received a contract from the SOCAR-TURCAS Rafineri A.S. Alliance to build a grassroots refinery at the Petkim Petrokimya A.S. facilities in Aliaga, Turkey.

The contract covers the refinery's front-end engineering design, licensing and a basic design package for a delayed coker, which will use Foster Wheeler SYDECSM delayed coking technology.

The facility will have a capacity of 214,000 barrels per stream day (bpsd). Naphtha and fuel oil from the hydrocracking unit will be delivered to Petkim for petrochemical use.

The refinery will include crude and vacuum distillation units, naphtha hydrotreating, a 40,000 bpsd delayed coking unit, a 66,000 bpsd hydrocracking unit, kerosene and diesel hydrotreaters, LPG caustic treatment units, a 28,000 bpsd continuous catalytic reformer, a saturated gas unit, amine and sour water stripper, sulfur and tail gas treatment units and a 160,000 Nm3/h hydrogen unit, as well as utilities, auxiliary systems and offsite facilities.

Foster Wheeler plans to carry out all work on contract by the end of 2010.

In early June, SOCAR-TURCAS Rafineri A.S. received a license from the Turkish energy market regulator to build an oil refinery with a capacity of 10 million tons per year near Petkim, a holding in which SOCAR has equity participation.

The new plant's capacity will be 10 million tons per year. Four million tons will be supplied to meet Petkim's raw material needs. The remaining amount, particularly diesel and jet fuel and other energy resources, will be sold on the Turkish and European markets.

In 2008, the alliance between SOCAR and Turcas Petrol / Injaz Projects has won a tender to sell 51 percent stake of chemical concern Petkim, offering $2.04 billion. Now Turkey imports 70-75 percent of the necessary chemical products. Investments of SOCAR / Turcas / Injaz to the development of Petkim will reduce imports by 30 percent.

Petkim Petrokimya Holding manufactures plastic packaging, fabric, PVC, detergents. It is the only Turkish producer of such products. The company exports a quarter of the production.

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