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Maire Tecnimont Group and Socar sign two EPC contracts for new-generation refining units in Azerbaijan

By Gerald Ondrey |

Maire Tecnimont S.p.A. (Rome, Italy) says that its subsidiaries Tecnimont S.p.A. and KT – Kinetics Technology S.p.A. have signed with Socar’s (State Oil Company of Azerbaijan Republic) subsidiary Heydar Aliyev Oil Refinery two engineering, procurement and construction (EPC) contracts, as part of the modernization and reconstruction of Heydar Aliyev Oil Refinery in Baku, Azerbaijan. The overall contracts’ value equals to approximately $160 million.

The scope of the first contract entails the installation of an fluid catalytic cracking (FCC) gasoline hydrotreating unit, while the other contract refers to the installation of an LPG liquefied petroleum gas (LPG) mercaptan-oxidation unit and an amine treatment and LPG pretreatment unit. These units are crucial to upgrade the quality of gasoline to the EURO-5 standard. Both projects will be executed in the Heydar Aliyev Oil Refinery, where Tecnimont and KT- Kinetics Technology are already jointly executing an EPC contract awarded in 2018.

The projects under new EPC contracts are expected to be completed respectively within 33 months and 26 months from the signing date.

This is a major milestone for Maire Tecnimont Group’s core business, since it allows to further consolidate the group’s industrial footprint in the strategic Azerbaijani market and in the crucial natural resources transformation sector. Moreover, it confirms the orientation of the Group to leverage its distinctive competencies, technological know- how and synergies among its EPC contractors.

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