SOCAR and KT-Kinetics Technology S.p.A (Italy) signed an agreement on reconstruction of Heydar Aliyev Baku Oil Refinery.

Rovnag Abdullayev, SOCAR President, Gianni Bardazzi, Chairman, KT-Kinetics Technology S.p.A and Vice President of Maire Technimont Group, Giampaolo Cutillo, Ambassador of Italy to Azerbaijan and other officials attended the signing ceremony.

In his welcoming speech, SOCAR President Rovnag Abdullayev said the refinery reconstruction was one of the important projects carried out by the company. The project considers modernization of old refinery units and construction of new units to increase refinery’s capacity from 6 mln to 7.5 mln tons, catalytic cracking unit’s capacity from 2 mln to 2.5 mln tons per year, as well as production of Euro 5 oil products. The reconstruction plan also includes the construction of new unit for removing sulphur.

KT-Kinetics Technology S.p.A, which is one of the world’s leading company in the field of sulphur recovery facilities, was chosen as a licenser. The agreement was signed by Elman Ismayilov, Director, Heydar Aliyev Oil Refinery and Michele Colozzi, Business Development Manager, KT-Kinetics Technology S.p.A. Earlier SOCAR signed refinery reconstruction agreements with Poerner (Austria), Axens (France) and UOP (UK).

About Maire Tecnimont S.p.A.

Maire Tecnimont S.p.A. is a company listed with the Milan stock exchange. It heads an industrial group (the Maire Tecnimont Group) that leads the international Engineering & Construction (E&C), Technology & Licensing and Energy & Ventures markets, with specific competences in plants, particularly in the hydrocarbons segment (Oil & Gas, Petrochemicals and Fertilisers), as well as in Power Generation and Infrastructures. The Maire Tecnimont Group operates in approximately 30 different countries, numbering around 45 operative companies and a workforce of about 4,300 employees, of whom over half work abroad.

About KT- Kinetics Technology

KT- Kinetics Technology is an international Process Engineering Contractor with high expertise in hydrocarbon processing industry. The company operates as a provider of proprietary technologies and as an EPC (Engineering, Procurement, Construction) Contractor in the chemical, petrochemical and oil & gas complexes. KT has significant references in the field of Sulphur Recovery Facilities, Gas Processing, Hydrogen and Syngas Production, Refinery Process Units and the supply of Process Fired Heaters.

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.