2nd SOCAR Int’l Caspian and Central Asia Downstream Forum started
The 2nd SOCAR International Caspian and Central Asia Downstream Forum – Trading, Logistics, Refining, Petrochemicals started in Baku. It is organized by the Baku Higher Oil School (BHOS) in collaboration with a British company Confidence Capital Ltd and powered by SOCAR.
The forum aims to analyze the latest trends and possible development scenarios for cooperation in hydrocarbon trade and exports in the Caspian region and Central Asia.
More than 150 delegates including managers of SOCAR’s units and members of Azerbaijani Parliament as well as high-level officials, industry leaders, analysts, trade and financial experts, top executives, managers and representatives from ministries and transnational oil and gas companies from Georgia, Iran, Kazakhstan, Kyrgyzstan, Russia, Turkey, Turkmenistan, Ukraine and other countries participate in the event.
Uzbekistan starts construction of new refinery worth $2.2B
Uzbekistan launched construction of an oil refinery which will operate using the crude imported from Kazakhstan and Russia, the Uzbekistan National News Agency (UzA) reported. A ceremony was held in the Jizzakh Region of Uzbekistan with participation of President Shavkat Mirziyoyev.
The design processing capacity of the plant is 5 million tons of oil per year and the design production capacity is 3.7 million tons of motor fuel, more than 700,000 tons of aviation fuel and 300,000 tons of related oil products. The cost of the construction project is $2.2 billion.