A new technological unit at the TCOR will increase the depth of oil refining up to 94%
November 21, 2017 | 23:29 |2254
The Turkmenbashi complex of oil refineries (TCOR) concluded a contract with a consortium of WTL (FZE) companies from the UAE and Westport Trading Europe Limited from the USA for the construction of a new delayed coking plant. The deal amounted to about $ 140 million. As expected, this unit will provide annual production of diesel fuel in 416 thousand tons, petroleum coke in 191 thousand tons, liquefied gas in 16,4 thousand tons, gasoline in 148 thousand tons.Eziz OVEZOV
Based on the statistics that will be given below, the new facility will ensure a multiple increase in the export of various petroleum products, increase their competitiveness due to the deepening of the processing of raw materials, and can also increase the production and expansion of the range of electronic products in Turkmenistan.
According to the State Statistics Committee for January-October of 2017 in Turkmenistan, the quantity of finished petroleum coke that was not sold on the market decreased by 66.7%, despite the fact that its production has significantly increased. A similar trend is observed with respect to diesel fuel, unsold balances of which decreased by 81.2%. This indicates an increase in demand for these types of products, both on the domestic and foreign markets.
Petroleum coke is used for the production of various types of petroleum products, which are in demand on the international market. The most interesting way of using it is the production of electrodes.
Today, the electronic industry of Turkmenistan is expanding due to the growth in production in the country of new types of products, such as electricity meters, LED lamps, etc. Petroleum coke can be an excellent source of electrodes for this production, which will help expand the range of national products with high added value, manufactured from domestic raw materials.
Specialists also note that in Central Asia, there is a need for high-quality tar, which is used for promising road construction in the region.
The delayed coking plant will also help deepen oil refining at the TCOR to 94%, which increases the quality, and at the same time, the competitiveness of petroleum products, in particular, the tar of the highest sample required for the construction of durable road surfaces. At the same time, a better quality tar may be useful for increasing the production of the same petroleum coke.
In conclusion, it can be noted that the implementation of the new project demonstrates Turkmenistan's responsible investment policy, which has become even more thoughtful after the adoption this year of a new Program for the socio-economic development of the country for 2018-2024. Analysis of trends in the development of domestic, regional and global markets allows the implementation of projects that are successful both in the medium and long term, which ensures stable growth of the economy of Turkmenistan.
