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Azerbaijan’s SOCAR has no Plans to Construct Plant in Georgia

Azerbaijan’s SOCAR has no Plans to Construct Plant in Georgia

The State Oil Company of Azerbaijan (SOCAR) has no plans to construct an oil refinery in Georgia, Mahir Mammadov, head of the SOCAR Energy Georgia LLC, told Trend May 19.

The sale of oil products in Georgia is carried out through SOCAR Energy Georgia LLC which represents SOCAR’s interests in this country and has several subsidiaries. Mammadov noted that no agreement was signed with Georgian government on construction of a refinery in this country.

Georgia’s then President Mikheil Saakashvili announced about the construction of a refinery in Georgia’s Poti by SOCAR in 2012. However, no decision has been made so far about the plant’s construction. There is no single operating refinery in Georgia, therefore, the country has to import oil products. SOCAR exported 333,020 tons of oil products to Georgia in 2015, as compared to nearly 298,260 tons in 2014.

Source: trend