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Oil Exports in Azerbaijan
- By Oil and Gas Author
- Published 08/29/2006
- Crude Oil Petroleum , Natural Gas Petroleum , Exploration and Discoveries , Liquefied Natural Gas LNG , Petrochemical , Oil and Natural Gas Prices , Offshore Drilling , Petroleum Pipeline
- Unrated
Azerbaijan also produces liquefied Petroleum gasses (LPGs) at the Heydar Aliev refinery. In 2005 the plant produced 1.8 million barrels, 127,000 of which was exported. SOCAR forecasts production growth of around 1.6 percent in 2006. At a cost of $120-140 million, Azerbaijan plans to build two high-quality Gasoline production units at the Baku Heidar Aliyev refinery (formerly known as Azerneftyanajag refinery) between 2006 and 2008, boosting production by almost 50 percent. Azerbaijans automobile gasoline output rose 6.4% on the year to 7.7 million barrels in 2005. Both of the countrys refineries are in need of modernization and pollution control equipment. Under a $500 million modernization project approved in 2004, new equipment will be installed at both refineries and at the specialized port of Dubendi to increase throughput to 260,000 bbl/d by 2010.
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