Azerbaijan, Baku, March 3/ Trend , E. Ismayilov /
Within construction of oil refinery of SOCAR (State Oil Company of Azerbaijan) near the Turkish Petkim petrochemical complex in Turkey, operations on preparing the necessary documentation to start the stage of engineering are underway, SOCAR representation in Turkey said. SOCAR is also co-owner of a petrochemical complex Petkim.
"We are conducting preparation for documents requested for starting engineering stage," a source in the representation said.
According to him, meetings with engineering companies for preparation of engineering design of the future enterprise are held. "But in order to continue the operations in the field of engineering, we should obtain a license", the source said. Operations on preparation feasibility study of the plant's construction have been already completed.
License for construction of the plant will soon be received.
Also, earlier the Turkish Government approved a report on the impact on the environment, which is required for the start of construction, the source said.
SOCAR head Rovnag Abdullayev said earlier that talks are being held in order to finance the project of construction of the new oil refinery.
Construction of the plant is scheduled to begin in 2010, Petkim said earlier. The new plant will meet the needs of the petrochemical complex in raw. The rest of the oil products will be sold in the local market, as well as in Europe. Power of the new plant will amount to 10-15 million tons a year.
Formerly the Turkish Administration for Privatization approved the alliance Socar/Turcas Petrol/Injaz Projects as the winner of the tender on the sale of the 51% share of Turkish Petrochemical Holding Petkim. Turkey currently imports 70-75% of the necessary chemical products, but developing Petkim, the investment alliance SOCAR/Turcas/Injaz will provide an opportunity to increase the import up to 30%.
Petkim Petrokimya Holding is specialized in the production of plastic packages, fabric, detergents and is only producer of these goods in Turkey exporting the fourth part of the output.
