Azerbaijan plans to build refinery by 2018 for Kazakh oil

Oct 10, 2008 02:00 AM

Azerbaijan plans to build a $ 4 bn oil refinery by 2018 to process Kazakh crude oil, an official of Azerbaijan's state oil company told an energy conference. Vidadi Rustamov, deputy head of operations at State Oil Company of Azerbaijan Republic, or SOCAR, told that the planned refinery would process 15 mm tons of Kazakh crude oil annually.
"The Kazakh focus of the planned refinery is logical," Rustamov said. "Oil output at Azeri-Chirag-Gunashli (field in the Caspian Sea) will drop to 35 mm-40 mm tpy by 2018."

Rustamov said that the refinery would be specially designed to process Kazakh oil, which is not as light as Azeri oil and contains higher concentration of sulphur.
He said that Azerbaijan's totally liquid hydrocarbon production would total 45 mm-50 mm tpy in 2018, which wouldn't be enough to fill the pipelines of Baku-Tbilisi-Ceyhan and Baku-Supsa. The combined shipping capacity of the two pipelines is 56.5 mm tpy. Rustamov said Azerbaijan will produce 50 mm tons of oil this year.

Kazakhstan, developing giant oil deposits in the north-eastern part of the Caspian Sea, is looking to boost its annual crude oil output to 100 mm tons, or 2 mm bpd, by 2015. Natural resource-rich Kazakhstan aims to ship most of its increased output through the Caucasus route that goes through Azerbaijan and Georgia.
Kazakhstan expects its largest oil field Kashagan, an offshore development in the Caspian Sea, to start commercial production in 2013. The field's target production is 1.5 mm bpd.

Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« September 2020 »
1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30

Register to announce Your Event

View All Events