Japan prepares Caspian refinery project feasibility study in Turkmenistan
Japanese JGC Corporation is preparing a feasibility study of a new refinery, which will be built in the Caspian settlement Okarem in Balkan province in Turkmenistan, director general of the Turkmenbashi complex of oil refineries Tachberdi Tagiyev said at the Oil and Gas Conference in Ashgabat.
An international tender for the feasibility study was announced in April 2011. According to its terms, the enterprise's capacity must reach 3 million tons a year with an increase up to 5 million tons a year in the future.
According to preliminary information, thw feasibility study can
be presented in early
2013. The construction operations will be launched after the
general contractor and funding sources are chosen.
According to an official Turkmen source, the enterprise will
produce high-octane petrol A-98, base oils of API 3, 4 and 5 groups
for synthetic oils and synthetic detergents.
International standards for environmental protection and safety
will be taken into account within the feasibility study.
A national program of oil and gas industry development till 2030 is being implemented in the country.
The country annually produces about 10 million tons of oil, most of which is refined in local plants.
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