State Oil Company of the Azerbaijan Republic will operate the upcoming Bibi-Heybat liquids storage terminal, located in Baku, Azerbaijan. According to GlobalData, who tracks more than 5,000 active and developing liquids storage terminals worldwide, the liquids storage terminal will be owned by State Oil Company of the Azerbaijan Republic and is expected to start operations in 2023. Buy the profile here.
Expected to be operational in 2023, the terminal will primarily store crude oil and petroleum products and will have road and sea access.
Key specifications of the storage terminal-
Storage Capacity (bbl): 52,836
Tank Size Min (bbl): 2,516
Tank Size Max (bbl): 12,580
Number of Tanks: 6
During the period 2021-2025, the Bibi-Heybat storage terminal is expected to witness an estimated capex of $2.85m.
About State Oil Company of the Azerbaijan Republic
State Oil Company of the Azerbaijan Republic (SOCAR) is a state-owned oil and gas company. It carries out exploration and production; gas processing and oil refining activities; construction and rehabilitation of gas pipelines and filling stations; transportation, distribution and sale of oil, natural gas, and gas condensate; and marketing of petroleum and petrochemical products. The company operates a gas processing plant producing natural gasoline, processed and liquefied gas; and Heydar Aliyev Baku oil refinery plant processing Azerbaijan crude and petroleum products. SOCAR's project portfolio includes Absheron, Azeri Chirag Deep Water Gunashli, Bahar Gum Deniz, Binegedi, Kurovdagh fields and others. It has operations in Georgia, Turkey, Romania, Switzerland, Germany, Singapore, Nigeria and Ukraine. SOCAR is headquartered in Baku, Azerbaijan.
For more details on the Bibi-Heybat liquid storage terminal, buy the profile here.