18.01.2018|www.azernews.az
The contract for construction of new units as part of modernization of Baku Oil Refinery is planned to be signed in the first quarter of 2018.
The first tender to select ЕРСm (engineering, procurement and construction management) contractor for units subject to reconstruction was completed and a contract was signed with Spanish Tecnicas Reunidas on December19, 2017.
The second tender for selecting EPC contractor for construction of new units is close to completion, it is planned to sign the contract in the first quarter of 2018.
The cost of the contract with Spanish engineering company Tecnicas Reunidas is about $800 million.