Bank Of Baku

Azerbaijan to produce jet fuel

Azerbaijan to produce jet fuel
# 10 April 2012 09:50 (UTC +04:00)
President of SOCAR Rovnag Abdullayev says there will be specialists of oil and gas sector in the complex.

“Annual capacity in oil processing industry will make 10 mln tons, as well as in gas processing plant the production capacity will make 10 billion cubic meters a year: “ The complex will produce petroleum products that meet international standards, in particular, diesel and jet fuel”.

Note that, the total project cost is estimated at $14 billion, the profitability of the project - 13% payback - 7 years. Construction of the complex will begin in the I quarter of 2013 and completed in 2020.
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