Azerbaijan plans to build a gas processing plant by 2022. About this, Trend reports, Aykhan Asadov, Managing Partner of BM Morison Partners, said at the IV SOCAR International Forum “Downstream Caspian and Central Asia - Trading, Logistics, Oil Refining, Petrochemicals”, which is being held in Baku.
According to Asadov, the design work has been completed, and this year it is already planned to begin construction of the plant. Asadov noted that it was planned to build a single oil and gas processing complex in Azerbaijan, however, due to falling oil prices, the initial plan has changed.
"The project was planned to be implemented in 2017-2020. The complex was to consist of four parts - a gas refinery with a capacity of ten billion cubic meters of gas per year, an oil refinery with a capacity of ten million tons per year, a petrochemical plant and a power plant with a capacity of 250 megawatts," the expert said.
Asadov noted that the main changes affected oil refining. In particular, instead of building new facilities, attention was paid to the modernization of the Heydar Aliyev refinery.
"By the end of November 2020, the refinery plans to produce 3.3 million tons of diesel per year, and by February 2021 - 2.2 million tons of gasoline per year," Asadov said.