SOCAR Trading in talks to build methanol plant in Russia

SOCAR Trading in talks to build methanol plant in Russia

Azerbaijan plans to export 1.5 million tons of oil via the Baku-Novorossiysk pipeline in 2019, Executive Chairman of SOCAR Trading Adnan Ahmadzade said on the sidelines of the 9th Azerbaijan-Russia Interregional Forum.

He also said that the talks are underway with a Russian company on the possibility of building a methanol plant in Russia, the correspondent of Vestnik Kavkaza reported.

SOCAR pumped 1.5 million tons of oil via the Baku-Novorossiysk pipeline in 2017 compared to 1.3 million tons in 2016.

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