SOCAR to spend $300 million on the modernization of the "Ethylene-Polyethylene" plant.
Edited by Rhod Mackenzie / 2016-05-13 06:10:55
Azerbaijan Refining Azerbaijan Oil and Gas Petrochemicals PolymerUpdate Oil Production and Refining SOCAR
Modernization of the "Ethylene-Polyethylene" plant of Production Association "Azerkhimiya" was estimated at 300 million US dollars, the vice-president of SOCAR on Strategic Development Tofig Gahramanov told reporters.
"Modernization works have already begun and should be fully completed in 2018-2019. Italian company Technip Italy implements the project. They are estimated at nearly 300 million US dollars", - T. Gahramanov stated.
