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  • Maire Tecnimont Group and Socar sign two EPC contracts for new generation refining units for an overall value of USD 160 million
    édité le 04/02/2021 - Plus de news de "Maire Tecnimont" - Voir la fiche entreprise de "Maire Tecnimont"


Maire Tecnimont Group and Socar sign two EPC contracts for new generation refining units for an overall value of USD 160 million
Maire Tecnimont S.p.A. announces that its subsidiaries Tecnimont S.p.A. and KT - Kinetics Technology S.p.A. have signed with SOCAR’s subsidiary Heydar Aliyev Oil Refinery two Engineering, Procurement and Construction contracts, as part of the Modernization and Reconstruction of Heydar Aliyev Oil Refinery in Baku, Azerbaijan. SOCAR is the State Oil Company of Azerbaijan Republic.

The overall contracts’ value equals to approximately USD 160 million.

SOCAR President Rovnag Abdullayev, Italian Ambassador in Azerbaijan H.E. Augusto Massari, Maire Tecnimont Chairman Fabrizio Di Amato and Maire Tecnimont Group CEO Pierroberto Folgiero have attended the signing ceremony, along with other SOCAR’s and Maire Tecnimont’s senior officials.

The scope of the first contract entails the installation of an FCC gasoline hydrotreating unit, while the other contract refers to the installation of an LPG (Liquefied Petroleum Gas) mercaptan oxidation unit and an amine treatment and LPG pretreatment unit. These units are crucial to upgrade the quality of gasoline to the EURO-5 standard. Both projects will be executed in the Heydar Aliyev Oil Refinery, where Tecnimont and KT-Kinetics Technology are already jointly executing an EPC contract awarded in 2018.
The projects under new EPC contracts are expected to be completed respectively within 33 months and 26 months from the signing date.
This is a major milestone for Maire Tecnimont Group’s core business, since it allows to further consolidate the Group’s industrial footprint in the strategic Azerbaijani market and in the crucial natural resources transformation sector. Moreover, it confirms the orientation of the Group to leverage its distinctive competencies, technological know-how and synergies among its EPC contractors.

Pierroberto Folgiero, Maire Tecnimont Group CEO, commented: “We are really honored to put once again our technological expertise at the service of an historical and prestigious client such as SOCAR, thus consolidating our successful, longtime collaboration aimed at unlocking greater value in Azerbaijan’s downstream value chain. This achievement lets us foster a mutually beneficial relationship and paves the way to future growth, confirming the reliability of our technology-driven strategy.”

Rovnag Abdullayev, President of SOCAR said: “SOCAR’s Heydar Aliyev refinery, being the only oil refining complex in the South Caucasus region, plays an important economic role. It is the only regional fuel supplier as well as a feedstock provider to SOCAR’s petrochemical units. The modernization of the refinery will significantly improve the quality of produced diesel and gasoline, upgrading them to comply with EURO-5 standards. On the other hand, it will supply the petrochemical industry of Azerbaijan with sustainable and cost-efficient feedstock. While modernization is an inevitable business standpoint, it will also reduce the environmental footprint and increase the quality of life in our cities. In order to accomplish these strategic goals, we are pleased to cooperate with the famous Maire Tecnimont Group, the company representing the creative and competent spirit of Italy, our friendly country.”

About Maire Tecnimont

Maire Tecnimont S.p.A., listed on the Milan Stock Exchange, heads an industrial group which leads the global natural resource processing industry (downstream oil & gas plant engineering, with technological and executive expertise). Its subsidiary NextChem operates in the field of green chemicals and technologies in support of the energy transition. The Maire Tecnimont Group operates in 45 countries, through 50 companies and about 9,100 people.

About SOCAR

SOCAR is one of the leading international energy companies. In order to ensure the economic interests of the Azerbaijani people, SOCAR is a major operator and participant in a number of transnational projects across the country and abroad. The company is active in all the oil and gas industry value chains. Exploration of oil and gas fields, production, processing and transportation of oil, gas and gas condensate constitute the main part of the operations of SOCAR. SOCAR also exports natural gas, oil and petrochemical products to the country's market, as well as international markets. The company's goal is to become a vertical integrated international energy company with advanced experience in the field of effective operation, social and environmental responsibility. As an important EU energy supplier, SOCAR plays a special role in the sustainable economic development of Europe.


Origine : Communiqué Maire Tecnimont

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