SOCAR reaches stable petchem export level at Georgia terminal

16 August 2013 13:50  [Source: ICIS news]

LONDON (ICIS)--The State Oil Company of the Azerbaijan Republic (SOCAR) has reached a stable level of gaseous hydrocarbon export shipments via a redeveloped Black Sea terminal in Georgia, the company said on Friday.

Export consignments – largely of butylenes, butadiene (BD) and propylene – from Kulevi on the eastern Black Sea coast of Georgia have grown to an average of 4,000-5,000 tonnes/month, SOCAR added.

The company, which began to export gaseous hydrocarbons from Kulevi in December last year, said it was striving to double the level of shipments to 8,000-10,000 tonnes/month in the near future.

Work on allowing for liquid propylene exports from the terminal is also under way, state-controlled SOCAR added.

All the shipments comprise products manufactured by plants of SOCAR's petrochemical subsidiary Azerikimya, located in Sumgait – a city by the Caspian Sea about 30km (18 miles) away from the Azerbaijani capital Baku.

However, the Kulevi terminal would probably in future also be utilised for the export of petrochemical products to be produced at SOCAR's planned $17.1bn (€12.8bn) Oil and Gas Processing and Petrochemical Complex, to be built just outside Baku, SOCAR added.

($1 = €0.75)

By: Will Conroy
+44 20 8652 3214

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