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SOCAR Heydar Aliyev Refinery acquires new equipment

SOCAR Heydar Aliyev Refinery procured a Larsen & Toubro diesel hydrotreating reactor as part of its modernization and reconstruction project. The new equipment is 32.7-meter long, 8.4-meter wide and 6.6-meter high and will be installed at the refinery in the near future.
The reactor was produced at the Larsen & Toubro plant in Hazira, India and shipped from the Hazira’s Adani Port to Constanța, Romania and continued its journey via the Volga-Don Shipping Canal from the Black Sea to the Caspian Sea to Zykh, Baku where SOCAR’s Oil and Gas Construction production area is located. It was then transported to the Heydar Aliyev Refinery.

The first piece of equipment delivered to the refinery for the diesel hydrotreating unit was a Tekfen hydrogenation evaporating (32-K-001) column 34-meter long, 4-meter and 2.6-meter in diameter with a capacity of 150 tons. It followed a similar route from Derince, Turkey through the Black Sea, Volga-Don Shipping Canal and the Caspian Sea arriving at the refinery in 35 days.

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SOCAR’s giant investment project - STAR Refinery launched

SOCAR, the largest direct foreign investor in Turkey, launched its $6.3-billion SOCAR Turkey Aegean Refinery - STAR Refinery, which will provide a large portion of oil products demand in the local market with 10 million tons of annual oil processing capacity. In coming years, SOCAR's new refinery will be a solid contribution to the economies of Azerbaijan and Turkey.
SOCAR’s $6.3-billion STAR Refinery, one of the largest investment projects in Turkey, was inaugurated on October 19, 2018 in a ceremony held in Aliaga, Izmir. Alongside the refinery SOCAR has also launched its other projects - Petlim Container Terminal, Petkim Wind Power Plant and its regional head office. President Ilham Aliyev of the Republic of Azerbaijan, President Recep Tayyip Erdoğan of the Republic of Turkey, government officials of the two countries and numerous guests have attended the inauguration ceremony.

Addressing the event, SOCAR President Rovnag Abdullayev spoke about the STAR project: ''Today is a historic day for us. Because we are launching the STAR Refinery, foundation of which was laid by the leaders of the two countries on October 25, 2011. The STAR Refinery, built and equipped with the world's latest technologies, helps integration of our petrochemical business and therefore has a strategic importance for our company. The refinery, with annual processing capacity of 10 million tons of crude oil, will make a significant contribution to the economy of Azerbaijan and Turkey''.

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Drilling, production and export figures for the third quarter of 2018

Following the growth in production, over 3 billion cubic meters of gas have been supplied to gas storage facilities
SOCAR has managed to stabilize oil production and increase its natural gas production significantly by increasing the drilling capacity in the third quarter of 2018. During the quarter, SOCAR production amounted to 1.9 million tons of oil and 1.67 billion cubic meters of natural gas , increasing 1.5% and 11% respectively compared to the previous year's figures. Overall, 29 million tons of oil and 22 billion cubic meters of natural gas were produced in Azerbaijan in the first nine months of 2018. Compared to a year earlier, the country's oil production grew by 0.8% and gas production by 4,5%.

During the quarter, SOCAR has carried out more than 42 thousand meters of drilling work, surpassing the last year’s same period figures by 43%. In addition to increased drilling capacity, old and redundant wells were repaired and reactivated, allowing SOCAR to stabilize its production.

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SOCAR and China’s BGP establish joint venture on seismic exploration

SOCAR and BGP Inc., a subsidiary of China National Petroleum Corporation (CNPC) have signed a Foundation Agreement on the establishment of a joint venture.
Rovnag Abdullayev, President of SOCAR, Khoshbakht Yusifzadeh, First Vice President of SOCAR, Bahram Huseynov, Vice President for Geology and Geophysics at SOCAR, Gou Liang, President of BGP Inc., as well as other high-ranking officials from both companies attended the signing ceremony, which took place in SOCAR Tower. The contract was signed by Rovnag Abdullayev, President of SOCAR and Gou Liang, President of BGP Inc. The newly established joint venture will carry out joint seismic exploration in the Republic of Azerbaijan and the Caspian Sea, creating new opportunities for exchange of experience between the professionals of the two companies.

Rovnag Abdullayev shared his opinion on the signed contract: “Today, SOCAR is working on modern technologies in all areas and testing different and alternative methods to explore new oil and gas fields and stabilize production levels. Establishing a joint venture with China's BGP for geological and geophysical studies creates an alternative perspective in this area and a fertile ground for sharing experiences that will be useful for professionals of both countries”.

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The State Oil Company of Azerbaijan… at a glance

Discover SOCAR

The State Oil Company of the Azerbaijan Republic (SOCAR) is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate.

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International ratings

When investors and credit organizations wish to cooperate with any company, first of all the international rating of the company in discussion is reviewed.

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