Baku, Azerbaijan, Nov.19
By Elmira Tariverdiyeva - Trend:
Tbilisi hosted a presentation of the oil refinery construction project in Poti Nov.19.
The event was attended by the First Deputy Minister of Economy of Georgia Dimitry Kumsishvili, representatives of the diplomatic corps accredited in the country, and financial institutions.
Kumsishvili said during the presentation that the Georgian government announced a survey of interests in connection with the construction of a refinery in November 2014.
"Georgian government intends to determine the investor of the construction of modern refinery on the seaside in Poti with a minimum processing capacity of 2 million metric tons of crude oil per year, according to a survey of interests," said the first deputy minister. "The plant must be commissioned before the end of 2018. It must produce Euro-5 fuel, or light and middle distillates and other oil products that meet the standards approved by the law of Georgia. Some 20 percent of the refinery products must be directed to the local market. At least 90 percent of the new refinery workers must be citizens of Georgia."
Georgia is entirely dependent on oil products import, according to the ministry of economy.