SOCAR to begin gas refinery construction in 2013
Azerbaijani state oil company SOCAR plans to lay the foundation of the first plant in the second half of 2013 within the construction of a new complex for oil, gas processing and petrochemical production in Azerbaijan, SOCAR head Rovnag Abdullayev told media on Wednesday.
"This will be the processing plant," he added.
The new complex worth $17 billion envisages the construction of a petrochemical company, an oil refinery with a capacity of ten million tons per year, as well as a gas processing plant with capacity of 10 billion cubic meters per year.
In the long term, capacity of the gas processing plant is planned to increase to 15 billion cubic meters a year.
The complex, located 60 kilometers from Baku, is scheduled to open by the end of 2020.
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