Maire Tecnimont and SOCAR sign EPC contracts for refining units in Baku
Published by Nicholas Woodroof,
Editor
Hydrocarbon Engineering,
SOCAR is the state oil company of Azerbaijan. The overall contracts’ value equals to approximately US$160 million.
The scope of the first contract entails the installation of an FCC gasoline hydrotreating unit, while the other contract refers to the installation of an LPG mercaptan oxidation unit and an amine treatment and LPG pretreatment unit. These units are crucial to upgrade the quality of gasoline to the EURO-5 standard. Both projects will be executed in the Heydar Aliyev Oil Refinery, where Tecnimont and KT-Kinetics Technology are already jointly executing an EPC contract awarded in 2018.
The projects under new EPC contracts are expected to be completed within 33 months and 26 months respectively from the signing date.
Pierroberto Folgiero, Maire Tecnimont Group CEO, commented: “We are really honoured to put once again our technological expertise at the service of an historical and prestigious client such as SOCAR, thus consolidating our successful, longtime collaboration aimed at unlocking greater value in Azerbaijan’s downstream value chain. This achievement lets us foster a mutually beneficial relationship and paves the way to future growth, confirming the reliability of our technology-driven strategy.”
Rovnag Abdullayev, President of SOCAR said: “SOCAR’s Heydar Aliyev refinery, being the only oil refining complex in the South Caucasus region, plays an important economic role. It is the only regional fuel supplier as well as a feedstock provider to SOCAR’s petrochemical units. The modernisation of the refinery will significantly improve the quality of produced diesel and gasoline, upgrading them to comply with EURO-5 standards. On the other hand, it will supply the petrochemical industry of Azerbaijan with sustainable and cost-efficient feedstock. While modernisation is an inevitable business standpoint, it will also reduce the environmental footprint and increase the quality of life in our cities. In order to accomplish these strategic goals, we are pleased to cooperate with the famous Maire Tecnimont Group, the company representing the creative and competent spirit of Italy, our friendly country.”
Read the article online at: https://www.hydrocarbonengineering.com/refining/03022021/maire-tecnimont-and-socar-sign-epc-contracts-for-refining-units-in-baku/
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