New York-based Westport Trading Europe Limited and WTL (FZE) group from the United Arab Emirates have won an international tender to build a delayed coking unit at the Turkmenbashi Complex of Oil Refineries (TCOR). The conclusion of the $140M deal was first announced by Turkmenistan’s Deputy Prime Minister for energy Maksat Babayev during the government session of November 17, however no company names were disclosed at the time. New installation is to help deepen oil refining at TCOR by 94% and will be on an annual basis producing some 416,000T of diesel fuel, 191,000T of petroleum coke, 16,400 tons of liquefied gas and 148,000 tons of gasoline.
This development constitutes proof of Ashgabat’s determination to stick to the Program on Social and Economic Development of the Country in 2018-2024, outlined by President Berdymukhamedov, which calls for the technical upgrade of national energy facilities by means of modern infrastructure projects and effective application of science for the production of oil and gas products.
Westport Trading Europe Limited is no stranger to the Turkmen energy industry, demonstrating noteworthy US investment interest in the region. Together with WTL (FZE) the technology corporation had reconstructed a catalytic reforming unit at Seydi Oil Refinery in 2016, as well as a Euro 5 gasoline component installation in early 2017.
Westport Trading Europe Limited is no stranger to the Turkmen energy industry, demonstrating noteworthy US investment interest in the region. Together with WTL (FZE) the technology corporation had reconstructed a catalytic reforming unit at Seydi Oil Refinery in 2016, as well as a Euro 5 gasoline component installation in early 2017.
Available online at: http://www.caspianpolicy.org/energy/caspian-energy-insight-november-30-2017/#6
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