SOCAR: Modernization required for Euro-3 fuel

Oil&Gas Materials 29 July 2011 17:42 (UTC +04:00)

Azerbaijan, Baku, July 29 / Trend E.Ismayilov /

SOCAR plans to begin gasoline production meeting Euro-3 environmental standards from 2013, a source in SOCAR said.

Regarding diesel fuel production, the source stressed that this process will likely to begin in 2012.

"Diesel fuel production may begin in 2012," the source said.

It is necessary to work to modernize the Heydar Aliyev Baku Oil Refinery to begin fuel production in compliance with Euro-3, which requires time.

Azerbaijan processes oil at two Baku refineries with a total capacity of 20 million tons of oil per year. Both refineries are a part of SOCAR, which annually processes more than 7 million tons of oil from offshore and onshore fields independently.

SOCAR produces Euro-2 standard diesel fuel and gasoline today.