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                               SOCAR signs agreement on oil refinery reconstructionGallery                            
                           
                               
                               
                                   11 February 2016                                                                    

SOCAR signs agreement on oil refinery reconstruction

                               
                               

On February 11, SOCAR and KT-Kinetics Technology S.p.A (Italy) signed an agreement on reconstruction of Heydar Aliyev Baku Oil Refinery. Rovnag Abdullayev, SOCAR President, Gianni Bardazzi, Chairman, KT-Kinetics Technology S.p.A and Vice President of Maire Technimont Group, Giampaolo Cutillo, Ambassador of Italy to Azerbaijan and other officials attended the signing ceremony. In his welcoming speech, SOCAR President Rovnag Abdullayev said the refinery reconstruction was one of the important projects carried out by the company. The project considers modernization of old refinery units and construction of new units to increase refinery’s capacity from 6 mln to 7.5 mln tons, catalytic cracking unit’s capacity from 2 mln to 2.5 mln tons per year, as well as production of Euro 5 oil products. The reconstruction plan also includes the construction of new unit for removing sulphur. KT-Kinetics Technology S.p.A, which is one of the world’s leading company in the field of sulphur recovery facilities, was chosen as a licenser. The agreement was signed by Elman Ismayilov, Director, Heydar Aliyev Oil Refinery and Michele Colozzi, Business Development Manager, KT-Kinetics Technology S.p.A. Earlier SOCAR signed refinery reconstruction agreements with Poerner (Austria), Axens (France) and UOP (UK).