Bank Of Baku

Azerbaijan to start construction of new oil-gas-chemistry complex next year

Azerbaijan to start construction of new oil-gas-chemistry complex next year
# 04 December 2012 13:41 (UTC +04:00)

 

 

Baku. Ali Ahmedov – APA-Economics. Azerbaijan will start construction of new oil-gas-chemistry complex at the second half of 2013, said the President of State Oil Company of Azerbaijan Rovnag Abdullayev.

 

According to him, the works on complex are already approaching the end and construction of gas processing plant within the complex will start in the third quarter of 2013. Production capacity of this enterprise will make 10 bcm. 

 

Thereafter, according to the project, construction of oil processing plant and oil-chemistry enterprises will start in the area of complex.

 

Approximately $300 mln will be invested in works on complex. State Oil Fund also will attend the financing of complex: “At the year-end, we’ll define investment program of complex for next year”.

 

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