Turkmenistan signs major oil refinery contracts
Ashgabat, Turkmenistan, Nov. 29
By Huseyn Hasanov - Trend:
A number of major oil refinery projects are being implemented in Turkmenistan by foreign companies, the Ministry of Petroleum and Mineral Resources of Turkmenistan said.
'To date contracts were concluded with various foreign companies on a number of areas and are already underway', the statement said.
Total investment in the following sites will amount to $800 million.
In particular, a complex of a delayed coking unit (DCU) with a deasphalting unit with a capacity of 900,000 and 500,000 tons a year respectively is being constructed with the participation of the Turkish Lotus Company.
Construction of a unit for primary refining with the capacity of three million tons is being carried out by Alliance Engineering and Construction B.V. Company (Netherlands).
Wesport Trading Europe Limited (USA) has started construction of a unit for production of road bitumen with a capacity of 38,000 tons per year from refinery residues at the Seidi refinery.
According to the statement, commissioning of these units is scheduled for late 2014.
In addition, a consortium of companies LG Internation Corp and Hyundai Engineering Co. LTD (South Korea) is building a complex that includes a vacuum unit, as well as isomerization, alkylation and gasoline blending units.
The Petro Gas LLP Company (UK) has also started construction of an ecological project which includes water treatment facilities and reconstruction of the sewage system and water recycling, as well as construction of other plant facilities.
Indonesian PT Istana Karang Laut continues construction of the plant for production of bio-oriented polypropylene film with a capacity of 21,000 tons per year.
'Expert estimates show that completion of construction of the major new facilities and their commissioning will provide an increase in the refining capacity by three million tons and rise a processing depth from 80 to 92 per cent', the statement said.
Turkmenistan has two refineries in Turkmenbashi in Balkan province and Sadie in Lebap province. In 2015 Turkmenistan plans to bring the oil refining industry capacity to 15 million tons of oil per year and in 2020 to 20 million tons of oil per year.