Georgian refinery’s feasibility study to be completed by December
Azerbaijan, Baku, Feb. 20 / Trend E. Kosolapova /
The feasibility study on oil refinery construction in Georgia should be completed by December, 2012, Georgian Deputy Energy Minister Marika Valishvili told Trend on Monday.
"The project should acquire certain traits by the end of the year," Mr Valishvili said.
He also noted refinery will be constructed in the area of Poti or Supsa ports on the Black sea - the region with infrastructure appropriate for such project. Georgia plans to get oil for the refinery from Central Asian countries - Kazakhstan and Turkmenistan, as well as Azerbaijan.
The other details of the project will be made public after completion of the project's feasibility study.
"We will be able to determine the refinery capacity, the source of oil supplies and if this oil is used only for domestic needs or also exported after feasibility study's results receiving," Mr Valishvili said.
The feasibility study of the refinery project is developed by Korean company Daewoo Engineering.