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SOCAR Petrolium Georgia: The Carbamide Plant Project is not Cancelled

SOCAR Petrolium Georgia: The Carbamide Plant Project is not Cancelled

The carbamide plant project in Georgia was temporarily postponed, but not closed – Director General of SOCAR Petrolium Georgia Mahir Mammadov states.

According to him, various speculations appeared in the media in this regard that do not correspond to reality – the factory cannot be built until the completion of the Shah Deniz project, which is why the project was simply postponed until the appropriate time. “We had some problems in connection with the project due to the economic situation in Azerbaijan. Therefore, the construction of the plant has been delayed, but we will definitely return to this project. It was our decision and the government of Georgia agreed with it. So the project is postponed, but not cancelled, “- says Mahir Mammadov.

Earlier, Vagif Aliyev, head of Investments Department of SOCAR, said that a cancellation of the construction of a carbamide plant in Georgia by SOCAR (State Oil Company of Azerbaijan) was associated in particular with fluctuations in the energy market, long-term gas supply and other issues. According to him, SOCAR with the full responsibility declares that ” no other subjective factors have effect on the adoption of this decision.”

Aliyev also said that in recent days the media and social networks had spread unjustified and untrue speculative information about stopping the project. In his words, a serious work has been carried out on this project for a considerable amount of time, but after these issues arose, the project was revised which led to the project’s suspension.