Azerbaijan, Baku, Aug. 13 /Trend, E.Ismayilov/
SOCAR (State Oil Company of Azerbaijan) plans to begin construction of a new complex for processing oil and gas, as well as the production of petrochemical products in Azerbaijan in early 2013, the SOCAR President Rovnag Abdullayev said.
He said the work on feasibility study for the project has already completed, and currently detailed engineering is being conducted.
After completion of the preparation of detailed engineering, there will be held the selection of licensors of equipment needed to build the new complex.
Preparation for the construction work is a long process. In particular, in cases with plans to build a refinery in Turkey, this process took about four years (its construction is scheduled to begin in October), said Abdullayev.
If all works continue as scheduled, the construction on a new complex in Azerbaijan could begin in early 2013.
It is assumed that the recoupment of funds to be invested in the construction of processing facilities will be six to seven years.
Commissioning the facility will be performed in phases and will cover 2018-2020. Primarily, the project stipulates first commissioning of a gas processing plant (GPP) with capacity of 10 billion cubic meters, then - chemical industry, and the last will be commissioned refinery with capacity of 10 million tons.
GPP plans to process gas from fields developed by SOCAR independently, the Azeri-Chirag-Guneshli fields, and if necessary, gas (SOCAR's share) from the Shah Deniz Field.
The complex will produce petrol A-92, A-95, A-98 and jet fuel. Also, a significant portion of production will fell to production of diesel fuel, because demand for diesel is growing.
Such worldwide companies as Technip, Foster Wheeler AG, UOP were involved in preparing the feasibility study of the new complex.
The area of the complex is 1,500 ha.