Azerbaijan to import gasoline
Baku, Azerbaijan, Aug. 28
By Sara Israfilbayova – Trend:
Starting from Sept. 1, excise tax rates on gasoline imported into Azerbaijan will be reduced from 200 manats to one manat per ton, a source in the country’s oil and gas market told Trend.
The changes are related to a planned stop of the Heydar Aliyev Baku Oil Refinery for the repair, according to the source.
“Azerbaijan will import gasoline from Russia and the Black Sea region, but the volumes of imports aren’t yet known exactly; they will be determined by the needs of the market,” the source noted. “It is assumed that import volumes will be 120 tons: 60 tons from Russia, 60 tons from the Black Sea basin.”
The source added that the demand for diesel fuel will be met by the ELOU-AVT unit operating at the refinery.
This is an annual scheduled stop, and it will no longer be necessary after the completion of a general overhaul and modernization, the source said. SOCAR is modernizing its only refinery in the country. After the reconstruction, which will last until 2021, the plant’s capacity should increase to 7.5 million tons per year from the current six million tons.
The process of modernizing the refinery, in addition to the construction of a primary oil refining unit, envisages construction of two units for the production of high-quality diesel fuel and gasoline that meets Euro 5 standard.
After the completion of the modernization, the plant should increase gasoline production to 2.2 million tons from the current 1.2 million tons, diesel fuel to 2.9 million tons from 1.9 million tons, jet fuel to one million tons from 600,000 tons, petrochemical products to 390,000 tons from 112,000 tons.
($1 = 1.7 AZN on Aug. 28)
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