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Investments in new petrochemical plant to amount $600mln Minister of Economic Development

Politics Materials 5 May 2006 12:37 (UTC +04:00)

American companies expressed their intention to build a large petrochemical plant in Azerbaijan, Trend reports quoting Heydar Babayev, minister of economic development. The companies only requirement is governmental guarantees for uninterrupted crude oil supplies.

В"We are already aware of approximate investments amount, but first we are going to conduct an independent expert review. Our preliminary estimation of such investment is some $500-600mlnВ", - Babayev said.

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