Azerneftyag Oil Refinery closed – The Oil Refinery will be merged with Baku Oil Refinery named after Heydar Aliyev from next year

Baku: Azerneftyag Oil Refinery has been closed.

According to APA-Economics, on December 24, 2014, the State Oil Company of Azerbaijan (SOCAR) has announced about liquidation of Azerneftyag oil refinery and its merger with Baku Oil Refinery named after Heydar Aliyev from January 1, 2015.

SOCAR Vice-president for Human Resources, Regime and Information Technology Khalik Mammadov noted that some business processes during opertaoin of oil refineries require additional costs and this is unprofitable.

Liquidation of Azerneftyag Oil Refinery will not cause job cut.

Production plants and production spheres of oil refinery will be used in Baku Oil Refinery named after Heydar Aliyev and the employees also will work at Baku Oil Refinery. However, it’s not excluded impossibility of working of some managing employees in the new oil Refinery. They will be offered jobs for their professions.

SOURCE: AZERI PRESS NEWS AGENCY