Technip Awarded a Contract for the Modernization of SOCAR Azerikimya Petrochemical Complex in Azerbaijan
08 Noviembre 2016 - 12:00AM
Business Wire
Leveraging its strong expertise in technologies and
equipment
Regulatory News:
Technip (Paris:TEC) (ISIN:FR0000131708) (ADR:TKPPY) has been
awarded by SOCAR a contract for Engineering Procurement and
Construction (EPC) services for the SOCAR Azerikimya plant, located
in the city of Sumgait, Azerbaijan.
The scope of work includes:
- the modernization of the EP-300 steam
cracker with construction of new cracker furnaces licensed by
Technip,
- the installation of a new refinery dry
gas treatment unit, new ethylene and propylene storage and related
utilities and off-sites facilities.
In addition the project includes the modernization of the
instrumentation and new control system. It also covers control
building in order to improve the overall efficiency and safety of
the plant.
Technip’s operating center in Rome, Italy, will execute the
contract, scheduled to be completed during the first half of
2019.
Marco Villa, President of Technip’s Region EMIA(1), commented:
“This award confirms the leading role of Technip in the
petrochemical market as licensor as well as EPC contractor. We are
proud of this result as it reinforces Technip’s presence in
Azerbaijan, which is a strategic market. It allows us to
consolidate and improve the positive relationship with Socar. In
line with the environmental policies, the modernization of this
petrochemical plant will be executed according to the highest
standards in terms of technology, efficiency and environmental
protection”.
(1)Technip EMIA Region covers the following geographical
regions: Europe, Russia, Middle East, India, Africa and Latin
America for Onshore-Offshore segment.
Technip is a world leader in project management, engineering and
construction for the energy industry.From the deepest Subsea oil
& gas developments to the largest and most complex Offshore and
Onshore infrastructures, our close to 31,000 people are constantly
offering the best solutions and most innovative technologies to
meet the world’s energy challenges.Present in 45 countries, Technip
has state-of-the-art industrial assets on all continents and
operates a fleet of specialized vessels for pipeline installation
and subsea construction.Technip shares are listed on the Euronext
Paris exchange, and its ADR is traded in the US on the OTCQX
marketplace as an American Depositary Receipt (OTCQX: TKPPY).
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