SOCAR intends obtaining free industrial zone status for urea plant
Georgia, Tbilisi, Aug 25 /Trend N.Kirtzkhalia/
The State Oil Company of Azerbaijan (SOCAR) is waiting for the Ministry of Economy of Georgia to assign the status of a free industrial zone to the area where the company intends to build an urea plant, Georgian radio Businessman reported referring to the employees of SOCAR in Georgia.
The company has already applied to the Georgian government with the request for granting the status of a free industrial zone for the construction of the plant. 'We plan to get the status this year. It will allow us to define the territory of the future plant, build infrastructure and start work for the future construction', the company noted.
The plant in Georgia will be located between the ports of Poti and Kulevi on the Black Sea coast. Direct construction will begin in 2013. According to the project it is planned to build two identical plants in Azerbaijan and Georgia.
The urea plant in Azerbaijan is designed to produce 700,000 tons a year and after meeting the country's needs, part of the urea product will be exported to the markets of the Black Sea. Given the volume of products to be produced in Georgia, SOCAR intends to ensure the withdrawal of about one million tons of urea to the Black Sea market.