On March 7, the Heydar Aliyev Oil Refinery and the joint venture SOCAR-KBR signed a project management contract (PMC) for the development of reconstruction and modernization of the refinery.

Rovnag Abdullayev, SOCAR President, Jan Egil Braendeland, KBR President, Engineering & Construction for the Europe, Eurasia & Africa (EEA) region and other officials attended the signing ceremony.

In his welcoming speech, SOCAR President Rovnag Abdullayev spoke about the reconstruction work implemented in the Heydar Aliyev Oil Refinery and said the project aimed at the modernization of current refinery units and construction of new ones for starting production of oil products within Euro-5 standards. The reconstruction project will continue until 2019-2020 and the joint venture SOCAR-KBR was involved as a project management contractor because of its extensive experience in this sphere.

Jan Egil Braendeland, KBR President, Engineering & Construction for the Europe, Eurasia & Africa (EEA) region, member of SOCAR-KBR board of directors, said they were planning to organize an integrated project management team (IPMT) consisting of SOCAR-KBR and SOCAR specialists. He said SOCAR-KBR would provide supervision over all phases of the project and support SOCAR in management of contractors involved in these phases. Then Elman Ismayilov, Director, Heydar Aliyev Oil Refinery and Jan Egil Braendeland, KBR President, Engineering & Construction for the Europe, Eurasia & Africa (EEA) region signed the contract.

Houston-based KBR is one of the world’s leading companies in the field of engineering, procurement and construction. The company has been operating in Azerbaijan since 1993 and involved in large-scale projects like Azeri-Chirag-Guneshli, Shah Deniz and OGPC. The joint venture established by SOCAR and KBR provides design, engineering, technical, procurement, construction supervision and project management service for exploration, production, transportation, refinery and marketing projects.

About KBR, Inc.

KBR, Inc. (NYSE: KBR) is a global technology, engineering, procurement and construction company serving the hydrocarbons and government services industries, employing approximately 22,000 people worldwide with customers in more than 70 countries and operations in 40 countries across three distinct global businesses:

- Technology & Consulting, including proprietary technology in refining, ethylene, ammonia and fertilizers, and gasification; and niche consulting and know-how through subsidiaries Granherne, Energo and GVA
- Engineering & Construction, including Offshore Oil & Gas; Onshore Oil & Gas; LNG/GTL; Refining; Petrochemicals; Chemicals; differentiated EPC, and Industrial Services
- Government Services, including program management and long term annuity contracts

KBR is proud to work with its customers across the globe to provide technology, value-added consulting services, integrated EPC delivery and Long Term Industrial Services to ensure consistent project delivery with predictable results. At KBR, we deliver.

About Socar

SOCAR is an integrated state oil & gas company of Republic of Azerbaijan and is involved in upstream, midstream and downstream operations encompassing exploration of oil and gas fields, production, processing and transporting oil, gas and condensate, marketing of petroleum and petrochemical products in domestic and international markets and supplying natural gas to domestic and industrial customers in Azerbaijan. SOCAR has its trading companies in Switzerland, Singapore and UAE and representative offices in a number of other countries.