Pro­duc­tion of Euro 5 gaso­line to be launched

Azer News - - Business - By Narmina Mam­madova

B"The work on mod­ern­iza­tion of a diesel com­plex is ex­pected to be com­pleted by late 2020 and the pro­duc­tion of Euro 5 gaso­line will be pos­si­ble ap­prox­i­mately from the be­gin­ning of 2021," he added.

Ah­madov noted that mod­ern­iza­tion will make it pos­si­ble to pro­vide the do­mes­tic mar­ket with Euro 5 fuel.

"Here we first of all mean diesel fuel. The mod­ern­iza­tion will also al­low to pro­duce Euro 5 gaso­line with 92-95-98 oc­tane and other prod­ucts that will be sold de­pend­ing on the fu­ture mar­ket de­mand," he said.

Ah­madov went on to add that given the rapidly grow­ing fuel con­sump­tion in Azer­bai­jan in re­cent years, the ma­jor part of the re­fin­ery’s prod­ucts is ex­pected to be sold on the do­mes­tic mar­ket.

The prod­ucts will fully meet the do­mes­tic de­mand and the re­main­ing part will be ex­ported, he added.

Hey­dar Aliyev Oil Re­fin­ery was es­tab­lished in July 1953 as New Baku Oil Re­fin­ery. The com­bined at­mo­spheric vac­uum plant is the ma­jor plant at the re­fin­ery and has a ca­pac­ity of 6Mt of crude oil.

The re­fin­ery was in­stalled with ma­jor equip­ment in­clud­ing ED-AV-6 unit (1976), a cat­alytic re­form­ing unit (1980), a grad­ual cok­ing unit (1986), and a cat­alytic cracker (1993).

Ac­cord­ing to SO­CAR Pres­i­den­tial de­cree dated De­cem­ber 24, 2014, the ac­tiv­ity of "Az­erneftyag" oil re­fin­ery was sus­pended on Jan­uary 1, 2015, for join­ing the Hey­dar Aliyev Baku Oil Re­fin­ery.

The mod­ern­iza­tion of the Hey­dar Aliyev Baku Oil Re­fin­ery, which will be com­pleted in 2021, is cur­rently un­der­way. Af­ter mod­ern­iza­tion, the pro­duc­tion ca­pac­ity of the re­fin­ery will be in­creased from 6 mil­lion to 8 mil­lion tons per year, and the op­er­a­tional life of the en­ter­prise will in­crease to 2040.

The cost of up­grad­ing the Hey­dar Aliyev Baku Oil Re­fin­ery is es­ti­mated at about $ 2.2 bil­lion.

Newspapers in English

Newspapers from Azerbaijan

© PressReader. All rights reserved.