SOCAR commits $1.2bn to modernisation of Azeri oil refineries

Azeri oil refineries: Azerbaijan’s state-owned oil company  has committed $1.2bn to the modernisation of the country’s  oil  refineries. The work will  increase both the quality and volume of Azerbaijan’s  gasoline supplies and should meet its demand for fuel until at least 2030, according to SOCAR officials.  Its Azerkimya Production Union  is also to be upgraded to increase ethylene and propylene production from 160,000 tonnes to 290,000 tonnes.
Source: News.AZ