In accordance with the Azerbaijani President’s instruction, now SOCAR has been preparing preliminary proposals on creation of new Oil, Gas Processing and Petrochemical Complex (OGPC) near the city of Baku. Putting the said Complex into operation would enable to stop the operation of old production facilities on gas and oil processing and petrochemicals areas located in Baku and Sumgait cities, and demolish them.
It is expected that Oil, Gas Processing and Petrochemical Complex will be comprised of the following objects:
- Gas Processing Plant
- Oil Refinery
- Petrochemicals Plant
- Energy Block
As a result of implementing the new Oil, Gas Processing and Petrochemical Complex Project, Azerbaijan will, in addition to making enormous achievements in the field of civil, social, infrastructure and culture-purpose construction, have great technical and technological success in oil refining and petrochemical fields, acquire large number of state-of-the-art technologies, start producing wide-range of high quality products allowing to avoid importing a number of products and materials. In addition, this would enable to vacate large areas in Baku and Sumgayit cities and use for civil and social purposes. What is of special importance is that new personnel consisting of contemporary and highly qualified specialists, as well as new jobs will be created and employment structure of the population improved.