Baku, Azerbaijan, June 10
By Sara Israfilbayova – Trend:
This year, the Baku Oil Refinery named after Heydar Aliyev plans to produce up to 2 million tons of diesel fuel, the Azerbaijani state-owned company SOCAR told Trend.
According to the company, the plant also plans to produce about 1.15 million tons of RON-92 fuel.
It was also said that due to the rapid growth in the number of vehicles in Azerbaijan in recent years, most of the diesel fuel and all the gas produced in the country is used to meet the demand in the domestic market.
"After completion of the modernization of the Heydar Aliyev refinery, it will be possible to increase production volumes. Accordingly, in the future it may be possible to export some of RON-92 fuel," the state-owned company said.
At present, modernization work is being carried out at the Baku Oil Refinery named after Heydar Aliyev, set to be completed by 2021. After modernization, the refinery’s production capacity will be increased from 6 million tons to 8 million tons annually, and the operating life of the enterprise will be prolonged till 2040.
The cost of upgrading the refinery is estimated at about 2.2 billion.