Georgia, Tbilisi, Oct. 14 / Trend, N. Kirtzkhalia /
The construction project of a carbamide production plant of the State Oil Company of Azerbaijan (SOCAR) in Georgia may require about $1 billion, SOCAR head Rovnag Abdullayev, who is currently on a visit to Georgia, told the media today.
According to him, the construction of the plant will begin in 2014 and it will be Azerbaijan's largest investment project in Georgia.
Operations are underway on the construction project in Azerbaijan.
"We want to implement a similar project in Kulevi," Abdullayev said, stressing that the design work is underway.
The construction will begin in 2014. Around 3,500 - 4,000 workers will be involved. Around 700-800 people will be provided with permanent jobs, Abdullayev said.
The construction of the carbamide plant in Azerbaijan will be completed in 2016. The general contractor of the construction project is South Korea's Samsung Engineering Co., Ltd.
Approximately 40-45 percent of the plant's products are expected to be sold on the domestic market. This will fully meet the demand for nitrogen fertilizers in the country.
The new plant will be located in Azerkimya's industrial site in the city of Sumgait. Annual capacity will be about 600,000 tons of carbamide per year (2,000 tons per day) and 1,200 tons of ammonia per day.
Around 500 million euros (excluding taxes) will be allocated from the state budget for the construction of the plant, as the construction is envisaged within the state program on providing the population with food in Azerbaijan from 2008-2015.