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Caspian Energy Journal Caspian European Club
Monday, 04 June 2018 16:30

Cost of Baku Oil Refinery’s reconstruction project announced

Cost of Baku Oil Refinery’s reconstruction project announced

The cost of the project on reconstruction and modernization of the Baku Oil Refinery is estimated approx at $2.2 bln.

“The project of reconstruction of the Heydar Aliyev Oil Refinery started in 2015 and is financed by public funds. The cost of the three major contracts signed within the framework of the project on reconstruction and modernization of the Oil Refinery is estimated at $1.6-1.7 bln. At present, the annual production capacity of the refinery makes 6 million tonnes per year, which is planned to be increased up to 8 million tonnes per year, Deputy Director of the SOCAR Department for Oil, Gas and Petrochemical project Shamil Hakimov stated, Caspian Energy News (www.caspianenergy.net ) reports with reference to marja.az.

More details: http://marja.az/news/25727?title=socar-imzalanan-muqavilelerin-deyeri-1-6-1-7-milyard-dollar-civarindadir-video

Person in charge of the newsline: Fidan Isayeva

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