New Oil and Gas Processing and Petrochemical Complex (OGPC) Project in Baku21.02.2012 19:10
On 10-12 April 2012, a forum dedicated to presentation and discussion of the New Oil and Gas Processing and Petrochemical Complex (OGPC) Project will be held at the Hilton Hotel in Baku. The event is initiated by the State Oil Company of Azerbaijan Republic (SOCAR) and organized by Iteca Caspian and INBC Consulting. Media support for the event will be provided by Trend international news agency, along with Day.az and Milli.az news portals.
The Forum aims to provide information on the Project to a wide range of companies, including potential licensors, engineering, supply, construction and other contractors, process consultants, world's leading refining and petrochemical equipment manufacturers, as well as financial institutions, legal experts, environmental consultants, buyers of petroleum and petrochemical products, service companies, etc.
Alongside providing information on the Project, the Forum offers a unique chance for leading international companies to present, at a high-official level, their experience, technology, resources and innovative solutions in the refining, gas processing and petrochemical sectors.
Participating in and addressing the Forum to be opened by SOCAR President Rovnag Abdullayev will be senior government officials, SOCAR Vice Presidents and representatives of scientific community in the oil, gas and petrochemical sectors. Furthermore, the Forum format sets forth sessions with presentations by managers of leading global companies who will introduce unique industry technology along with their experience and knowledge related to similar projects. Bilateral meetings have been scheduled for the closing day.
Interested parties can participate in the Forum as a sponsor, speaker or representative, with an exhibition stand, or by placing an advert in the Forum’s catalogue.
Thus, the Forum will be an excellent opportunity to obtain reliable and detailed information on the OGPC Project and get familiarized with experience of the key market players.
The Forum has already generated tremendous interest worldwide.
Among the companies to have confirmed their participation in the Forum to date are Azenco, Air Liquide, Air Products, Axens, Baker & McKenzie, Baker Botts LLP, Daelim, Daewoo, Deloitte & Touche LLC, Dow Chemical, Fluor, Foster Wheeler, Honeywell, Hyundai E&C, ING Bank, JGC Corporation, KBR, Lanxess, Marubeni Corporation, Mitsui & Co, Petkim Petrokimya Holding, Protasis SA, Shaw Energy & Chemicals, SNC-Lavalin, Stamicarbon, Socar Turkey, UOP Limited, Velosi , etc.
The event is directly supported by SOCAR, which is also performing as the general sponsor. Also sponsoring the event are Foster Wheeler, UOP, Baker & McKenzie, Stamicarbon, and other companies.
Installation of a refinery and gas processing plant with an annual capacity of 10 MTA and 10 BCMA, respectively, is planned under the OGPC Project that also features a petrochemical plant to produce around 2 MTA of base polymers, and utilities & offsites facilities, including an autonomous power plant. Overall, the new Complex will comprise around 30 units and cover 20+ process licences.
The Complex will be located 60km away from Baku, and is expected to become fully operational by 2020.
The total cost of the project is currently estimated at around USD15bn. According to preliminary calculations, the project will be commercially attractive, with the payout time of around 6-7 years.