South Korean consortium modernising oil refinery plant in Turkmenistan
Work is underway at the oil refinery plant in the city of Turkmenbashi which is the largest industrial enterprise in the country, to clear and plan four sectors for the construction of vacuum distillation of masut, alkylation of light olefins, gasoline blending and isomerisation of light gasoline, the Ministry of Petroleum and Mineral Resources has said.
Design, procurement and construction are being implemented by the Consortium of South Korean companies LG International and Hyundai Engineering Ltd.
The large-scale project aims to further increase output and expand the range of competitive products through environmentally clean high-octane gasoline, enjoying great demand.
"The need for a global market in high-quality fuel is increasing due to tightening of international standards for operational characteristics and environmental security of energy commodities," the statement says.