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MAIRE TECNIMONT GROUP AND SOCAR SIGN TWO EPC CONTRACTS FOR NEW GENERATION REFINING UNITS

Baku, Azerbaijan, 3 February 2021 – Maire Tecnimont S.p.A. announces that its subsidiaries Tecnimont S.p.A. and KT - Kinetics Technology S.p.A. have signed with SOCAR’s subsidiary Heydar Aliyev Oil Refinery, two Engineering, Procurement and Construction contractsas a part of the Modernization and Reconstruction of Heydar Aliyev Oil Refinery in Baku, Azerbaijan. SOCAR is the State Oil Company of Azerbaijan Republic.

The overall contracts’ value equals to approximately USD 160 million.
The scope of the first contract entails the installation of an FCC gasoline hydrotreating unit, while the other contract refers to the installation of an LPG (Liquefied Petroleum Gas) mercaptan oxidation unit, an amine treatment and LPG pretreatment unit. These units are crucial to upgrade the quality of gasoline to the EURO-5 standard. Both projects will be executed in the Heydar Aliyev Oil Refinery, where Tecnimont and KT-Kinetics Technology are already jointly executing an EPC contract awarded in 2018.

This is a great result for the core business of KT - Kinetics Technology, since it allows for the further consolidation of the industrial footprint in the Azerbaijani market cultivated by the Group since 2015.
In addition, the award confirms the Group's orientation to leverage its distinctive skills, its technological know-how and the synergies among its EPC contractors 

SOCAR President Rovnag Abdullayev, Italian Ambassador in Azerbaijan H.E. Augusto Massari, Maire Tecnimont Chairman Fabrizio Di Amato and Maire Tecnimont Group CEO Pierroberto Folgiero have attended the signing ceremony, along with other SOCAR’s and Maire Tecnimont’s senior officials.