SOCAR GPC - GPC: Phase 1: Petrochemical Plant

General Information
Owner Socar Gpc
Masterplan Project (Parent Profile) SOCAR – Oil and Gas Processing and Petrochemical Complex – Azerbaijan
Location Baku, Absheron, Azerbaijan
Status --
Sector Chemical, Production, Petrochemical Plant
Contract Type Engineering Procurement Construction (EPC)
Onshore/Offshore Onshore
Greenfield/Brownfield Greenfield
Progress 0
Estimated Budget Value ---
Contract Value 0
Net Value $7000m
Award Date October 2020
Completion Date November 2026
Last Updated On August 2020
ProjectId (Old, New) 39421, 239910

The State Oil Company of Azerbaijan Republic (SOCAR) is planning a gas processing and petrochemical complex (GPC), covering an area of approximately 4,500ha, which will be located near the Sangachal terminal, along the boundaries of the Absheron and Garadagh Districts, approximately 60km south of Baku.

The new complex is expected to replace the existing processing facilities in Baku and Sumgait. The products from the complex will primarily meet the domestic demands and the excess will be exported.

The US$7000 million project includes the following:

1. Construction of the petrochemical plant

2. Installation of a steam cracker

a. Ethylene unit (610,000 tpa)

b. Propylene unit (120,000 tpa)

3. Construction of associated facilities

Second Section

28 August 2020

Main contract is yet to be awarded.

21 May 2020

The project is still under bid evaluation and the time frame for the main contract award is unknown at this juncture.

20 November 2019

Bids are still under evaluation.

26 July 2019

Bid evaluation is underway and the following joint venture companies have submitted bids: (1) A joint venture between Tecnicas Reunidas SA, Hyundai Engineering & Construction Co Ltd and Technip; (2) A joint venture between NIPIneftegas, Samsung Engineering Co Ltd and Tecnimont SpA;

11 February 2019

Tender activities are underway and Technip, Axens, Sinopec Tech, and Univation are the companies which are providing technology and licenses for the project

18 September 2018

FEED works are completed and tenders are not yet issued.

30 March 2018

The final investment decision on the project is expected to be adopted in May-June 2018. The project is expected to be completed by 2022.

29 December 2017

The FEED is nearing completion and EPC contractor tender is expected to be issued by 2019.

11 July 2017

US Vinson & Elkins LLP are the legal consultants working on the project at international level while PSG Law company has been involved as a legal consultant in Azerbaijan.

05 July 2017

Univation has been appointed as the technology provider to deliver UNIPOL PE process technology which will enable the plant to shift between HDPE to LLDPE based on customer needs. Univationwill also deliver XCAT metallocene PE technology.

02 June 2017

China Huanqiu Contracting and Engineering Corporation, subsidiary of China National Petroleum Corporation and Technip Italy have signed a service agreement for the preliminary detailed design work on the project.

05 July 2016

Linde Engineering is appointed for the basic engineering design for PE palnt.

13 May 2011

SOCAR announced plans to build the Oil and Gas Processing and Petrochemical Complex project in Azerbaijan.