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Publish Date : 12-Mar-2016

KBR, Inc. confirmed its SOCAR-KBR joint venture was granted a huge project management consultancy (PMC) deal for the Heydar Aliyev Baku oil refinery modernization project in Azerbaijan.

This award denotes the initial major award to the joint venture, SOCAR-KBR Limited Liability Company (SOCAR-KBR LLC), since its inception in mid-2015. SOCAR-KBR LLC was developed to render design, engineering, technical, consultancy, procurement, construction supervision and project management services for all brownfield and greenfield projects across the upstream, midstream and downstream oil and gas sectors, in the Azerbaijan-Georgia-Turkey (AGT) province.

This firm was made to support Azerbaijan's ambition for developing a world-class Azerbaijan located engineering firm.

SOCAR-KBR LLC will develop upon KBR's long-term project experience in Azerbaijan to do project management services from its set up offices in Baku for the Heydar Aliyev Baku oil refinery modernization project.

'The Heydar Aliyev refinery reconstruction project is currently one of the most important investments for SOCAR globally, and I am very happy that this project is in the capable hands of one of SOCAR's own entities-namely the SOCAR-KBR joint venture,' said Rovnag Abdullayev, SOCAR's President.

The entire refinery capacity will be raised from 6 to 7.5 million tons per year (MYPY).

The catalytic cracking unit limit will be hiked from 2 to 2.5 MTPY, and Euro 5 standards will be setup for all refined products.

The modernization of the Heydar Aliyev Baku oil refinery will start quickly and will be finished by late 2018, with an evaluated capital expense of $1 billion USD for the net project.

Jan Egil Braendeland, President, KBR EEA and SOCAR-KBR LLC Board Member said, 'KBR is proud to support our long term partner SOCAR on this project. It is very significant that SOCAR-KBR LLC, as an Azerbaijani Company, takes on the PMC role for this key project for Azerbaijan.'

Braendeland said, 'KBR has worked on various projects in Azerbaijan since 1994, achieving more than 17 million man-hours. At peak times, KBR employed nearly 400 Azerbaijani workers-expending more than 4 million man-hours in country. We are very proud of our track record to the Azeri economy.'

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