Socar Plans New Baku Refinery by 2020, Replacing Existing Plants

State Oil Co. of Azerbaijan plans to build a refinery in Baku by 2020, replacing the state oil company’s two existing plants, a refinery official said.

Socar, as the company is known, plans to build a plant with an annual capacity of 10 million metric tons, Rasim Ibrahimov, chief engineer at the Novo-Bakinskiy refinery, said at the World Refining Association conference in Barcelona.

Nizameddin Guliyev, a Socar spokesman, later confirmed the plan to build a plant by phone from Baku.

The new refinery, to be built in the city’s Karadakh suburb, will produce only Euro-5 standard fuels, Ibrahimov said. Euro-5 is the strictest European fuels category.

Novo-Bakinskiy, formerly known as Azneftyanajag, will close once the new plant is finished, Ibrahimov said. Batinskiy, the second plant formerly known as Azeneftyag, will also halt at that point.

The Novo-Bakinskiy plant has a 212,000 barrels a day processing capacity while Batinskiy can refine 230,000 barrels a day.

To contact the reporter on this story: Rachel Graham in London

To contact the editor responsible for this story: Stephen Voss at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.