The second SOCAR OGPC FORUM will take place from the 5 to 6 of November at the Fairmont Baku
The SOCAR OGPC FORUM will take place at the Fairmont Baku hotel under the imitative of the State Oil Company of the Azerbaijan Republic (SOCAR). This is the second forum dedicated to the Oil and Gas Processing and Petrochemical Complex project. The forum is organised by Caspian Event Organisers (CEO), Iteca Caspian and INBC Consulting.
The first SOCAR OGPC FORUM successfully took place in April 2012 and attracted a lot of positive feedback. The result of the forum was a number of signed contracts and business agreements. Now, the initiators of the OGPC project are entering the second engineering, procurement and construction (EPC) stage of the project, which is the stage when actual implementation begins. This Forum will offer a unique opportunity for leading global and local companies to present the experience, technologies and other resources in the oil and gas processing and petrochemical field that they are ready to use in the implementation of the OGPC project to leading figures and officials in the industry.
This year’s forum will act as a platform for those companies that will be involved in turnkey construction and service provision during the construction of gas and oil processing factories to interact and cooperate. Invited forum participants include EPC and other subcontractors, engineering companies, licensor, global manufacturers of gas and oil processing and petrochemical equipment, logistics companies, construction companies, suppliers of materials and solutions, technical consultants, financial institutions, legal and financial experts and environmental consultants. It is possible to take part in the Forum as a Sponsor, speaker or representative, through presenting a stand and also by placing advertising in the Forum catalogue.
The two day Forum will cover the following subjects: The engineering, procurement and construction (EPC) stage in large scale oil and gas processing and petrochemical projects; Technological advancements in processing; Equipment, materials and services for the oil and gas industry; Financial, economic and legislative features of oil and gas processing and petrochemical project; The goods and raw materials markets of the OGPC project. Trends in marketing and logistics; The experience of local subcontractors in large scale projects.
It is planned for SOCAR President Rovnag Abudullaev to open the forum. Participation and reports are expected from senior officials from appropriate government bodies, vice-presidents of SOCAR and heads of leading global companies that will present unique technologies in the industry and their experience and knowledge of similar projects. Reports will be made by SOCAR Vice-President for Strategic Development Tofig Gahramanov, General Director of SOCAR Turkey Kenan Yavuz, Advisor to the President of SOCAR Afghan Isayev, Deputy General Director of OGPC Emil Alhasli, Managing Director of STAR Refinery in Turkey Robert Storey and a number of other important speakers.
The Forum will become an excellent opportunity for both foreign and local companies to receive reliable and detailed information about the development of the project, find out about the experiences of key players in the market and have direct negotiations with companies that will be involved in various tenders related to the OGPC project.
Information about the project:
The OGPC project will involve the construction of oil and gas processing plants with a capacity of 8.5-9 million tonnes and 12 billion m3 per year respectively. The project also includes a petrochemical plant with a planned production volume of more than 1 million tonnes of base polymers per year. A utilities section is also planned for the complex, including an autonomous power supply unit. Overall, the configuration of the complex includes more than 40 units, 25 of which are licensed technological processes. The complex will be located 60 km from Baku. It is planned to begin a stage by stage process to put the complex into operation starting from 2019. The total investments in OGPC, including interest payments for credit comprise nearly 14.4 billion USD. The payback period for the funds invested will be around 4-6 years.