SOCAR increases exports of petrochemical products

SOCAR increases exports of petrochemical products In 2021, the State Oil Company of Azerbaijan (SOCAR) exported over 3 million tons of refined oil and petrochemical products (including polymers), Report informs, citing SOCAR.
Energy
January 19, 2022 17:40
SOCAR increases exports of petrochemical products

In 2021, the State Oil Company of Azerbaijan (SOCAR) exported over 3 million tons of refined oil and petrochemical products (including polymers), Report informs, citing SOCAR.

According to the company, this figure is about 25.5% more than in 2020.

As the only oil refinery in the region, the Heydar Aliyev Oil Refinery of SOCAR provides Azerbaijan with fuels such as RON-92, diesel and jet fuel, but also supplies SOCAR's petrochemical plants in Azerbaijan with raw materials. Some of the plant's products are exported. Modernization and reconstruction works aimed at increasing the production capacity of the refinery, providing the country with high-quality fuel in accordance with Euro-5 standards, stable supply of Azerikimya PU and increasing the export potential of oil products are important for Azerbaijan's industry.

The modernization and reconstruction project of the refinery is expected to be completed in the fourth quarter of 2023. According to the project, it is planned to produce Euro-5 diesel fuel in mid-2022, and Euro-5 gasoline in mid-2023.

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