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Caspian Oil & Gas Conference - SOCAR eyes construction of methanol plant in Russia

SOCAR eyes construction of methanol plant in Russia
27.09.2018

The State Oil Company of Azerbaijan Republic (SOCAR) is hatching plans for the construction of a methanol plant in Russia, SOCAR Polymer LLC General Manager Farid Jafarov said.

Report informs that he was speaking to journalists on the sidelines of the 9th Azerbaijan-Russia Interregional Forum held in Baku.

"Negotiations are underway with the Russian company on the construction of a methanol plant in Russia. It's about large-scale production. Our company plans to scale up the experience of SOCAR Polymer, " Jafarov said.

He added that the project could become profitable and competitive at the expense of an attractive gas price in Russia: "It is assumed that Russian raw materials will be used in production."


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