A number of facilities will be constructed by July of 2019 in order to ensure the production of diesel fuel meeting Euro 5 standard and several facilities will be built by May of 2020 for producing gasoline meeting Euro 5 standard, according to the SOCAR
OGPC representative.
Beyond that, attention will shift to the massive world-class USD17bn
OGPC, which will improve efficiency and provide a wider range of higher-value refined products.
"Its construction is envisaged as part of a new oil and gas processing, gas and petrochemical complex (
OGPC) in Azerbaijan," Qahramanov said.
In case of expediency of coordinating the old and new enterprises, the costs envisaged for the
OGPC establishment may be reduced.