Azerbaijan, Baku, June 22 / Trend /
Foster Wheeler AG (Nasdaq: FWLT) announced today that a subsidiary of its Global Engineering and Construction Group has been awarded contracts by SOCAR & TURCAS Rafineri A.S. (STRAS) for its planned grassroots refinery to be built within the Petkim Petrokimya A.S. (PETKIM) facilities at Aliaga, Turkey. The contracts cover overall front-end engineering design for the new refinery and the license and basic design package for the delayed coker, which will use Foster Wheeler's leading SYDECSM delayed coking technology.
The planned new facility will have a capacity of 214,000 barrels per stream day (BPSD). Naphtha and fuel oil from the hydrocracking unit will be delivered to PETKIM for petrochemical use.
The refinery will include crude and vacuum distillation units, naphtha hydrotreating, a 40,000 BPSD delayed coking unit, a 66,000 BPSD hydrocracking unit, kerosene and diesel hydrotreaters, LPG caustic treatment units, a 28,000 BPSD continuous catalytic reformer, a saturated gas unit, an amine and sour water stripper, sulfur and tail gas treatment units and a 160,000 Nm3/h hydrogen unit, as well as utilities, auxiliary systems and offsite facilities. The SYDECSM process as configured for this project will be designed to maximize clean liquid yields while minimizing fuel coke yields. Foster Wheeler's scope of work under these contracts is expected to be completed by the end of 2010.
In early June, SOCAR / TURCAS Rafineri AS has received a license from the regulator of the energy market in Turkey for the construction of an oil refinery with capacity of 10 million tons per year, near the petrochemical complex Petkim, in which SOCAR has equity participation.
The biggest asset of SOCAR in Turkey is a petrochemical complex Petkim. All operations are carried out to build a refinery needed to ensure the complex with raw material
Capacity of the new plant will be 10 million tons per year, of which 4 million tons will be supplied to the needs of Petkim in raw materials. The rest part, in particular diesel fuel, jet fuel and other energy resources will be sold on the markets of Turkey and Europe.
In 2008, the alliance between SOCAR and Turcas Petrol / Injaz Projects has won a tender to sell 51 percent stake of chemical concern Petkim, offering $2.04 billion. Now Turkey imports 70-75 percent of the necessary chemical products. Investments of SOCAR / Turcas / Injaz to the development of Petkim will reduce imports by 30 percent.
Petkim Petrokimya Holding manufactures plastic packaging, fabric, PVC, detergents. It is the only Turkish producer of such products. The company exports a quarter of the production.
