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Samsung Engineering signs $650-million fertilizer plant contract in Azerbaijan

9:40 AM MDT | March 18, 2013 | Natasha Alperowicz

Samsung Engineering has signed a contract worth $650 million to build a nitrogen fertilizer complex for the State Oil Company of Azerbaijan (Socar; Baku). The contract, Samsung’s first in Azerbaijan, was signed by Socar’s CEO, Rovnag Abdullayev; and the president and CEO of Samsung Engineering, Park Ki-Seok. The complex will be located at Sumgait, Azerbaijan, and will produce ammonia and urea.   It will be designed for 1,200 m.t./day of ammonia and 2,000 m.t./day of urea. Samsung Engineering’s responsibilities will cover engineering...

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