Baku, Azerbaijan, June 4
Trend:
SOCAR (State Oil Company of Azerbaijan) will start producing Euro-5 gasoline by 2018, SOCAR vice-president on strategic development Tofig Gahramanov said June 4.
Gahramanov made this statement at the 22nd International Caspian Oil and Gas Exhibition and Conference in Baku.
He said that this will be possible as a result of the modernization of the Heydar Aliyev Baku Oil Refinery.
"The gasoline production in Azerbaijan will increase from 1.3 to 2.2 million metric tons, the production of diesel fuel - from 2.3 to 2.9 million metric tons, while the production of jet fuel - from 0.7 to one million metric tons after the modernization," he said. "These indices will meet the needs of the country in the fuel at least until the end of the 2020s."
As a result of commissioning the new catalytic cracking units, the production capacity of the plant will increase from 6 to 7.5 million metric tons.
"Some 75 percent of the gasoline produced at the plant will be supplied to the local market, while a quarter of it will be exported," Gahramanov said. "As for diesel and aviation fuel, the domestic market will be provided with 60 percent of the output, while 40 percent will be exported. Finally, 30 percent of the output of SOCAR Polymer project will be supplied to the domestic market, while 70 percent will be exported to Georgia, Turkey and the CIS countries."
Edited by CN