The State Oil Company of Azerbaijan (SOCAR) plans to suspend catalytic cracking rig at the Heydar Aliyev oil refinery plant (former Azerneftyag for repair late this week, the SOCAR told Trend.
The refurbishment of the rigs is expected to take 30-35 days. Thus, the SOCAR will freeze the gasoline export till March 2006 due to cut in production at the Heydar Aliyev oil refinery plant (former Azerneftyag). The plant has some fuel reserves to be sent to the Azerbaijans internal market, SOCAR stressed.
In late December 2005 SOCAR signed a contract with Singaporean Petrofarm on delivery of 50,000 tons of gasoline. The oil product will be shipped on FOB basis - pier 20 in the balance of Azrneftyag. Petrofarm will deliver gasoline to Iranian port Neka by the tankers of the Caspian Shipping Company.
The SOCAR also signed a contract with the Georgian Saknaphtobtransy Company on gasoline delivery in 2006. From March the Company is supposed to deliver 20,000 tons of gasoline per month