On January 28, 2000,
LUKoil officially opened its first oil re-loading terminal in
Azerbaijan, located in the Khatai District of Baku. LUKoil President
Vahid Alakbarov, SOCAR President Natig Aliyev and Alexander Prishepov,
Temporary Charge d'Affaires of the Russian Federation, were present
at the ceremony.
President, V. Alakbarov, at the opening cermony for the new refinery.
Left to right: LUKOIL Manager F. Aliyev, SOCAR President N. Aliyev,
and Russian diplomat A. Prishepov.
Fed by the Azneftyanajag refinery, the terminal's ten fuel storage
tanks will be able to handle the shipment of 120,000 tons of
oil products each year. They will dispense Ai-95, Ai-93 and Ai-76
types of gasoline as well as diesel fuel and kerosene. The terminal
also has a laboratory for conducting fuel analysis and a railway
loading / downloading pier for importing fuel from other producers.
LUKoil opened its first
refueling complex (RC) in Azerbaijan in 1995. It now has a whole
network of petrol stations that will be able to make use of the
higher-quality fuels stored in the LUKoil terminal. "Another
step has been made toward the expansion of LUKoil's re-loading
complexes network in Azerbaijan," said Alakbarov. He said
that he expects that the new terminal will help LUKoil improve
and expand its commercial network in Baku.
LUKoil is a member of the AIOC consortium (10%) for the development
of the Azeri, Chirag and deep-water Gunashli. The company is
also involved with Shah Daniz (10%) and the prospective hydrocarbon
structure Yalama (block D-222) on the Caspian shelf (60% as LUKAgip).
Another entity, LUKOIL-Baku Trade House, is involved with the
modernization of vessels, construction and services of drilling
In 1996 LUKoil established a Charity Fund to help Azerbaijan's
refugees and the poor. It has also sponsored a monument at the
Academy of Sciences to honor Yusif Mammadaliyev, the distinguished
scientist and founder of Azerbaijan's oil chemistry.
(8.1) Spring 2000.
© Azerbaijan International 2000. All rights reserved.
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