Head of the Investment Department of the State Oil Company of Azerbaijan Vagif Aliyev named the reasons for suspending the construction of the company’s carbamide plant in Georgia.
“This decision was made due to the changes in the conditions in the energy market, long-term gas supply and other issues”- said Vagif Aliyev
SOCAR declares with full responsibility that no subjective or other factors affected the adoption of this decision, according to the company representative.
“In recent days, media outlets and social networks have spread groundless and untrue speculative information about suspending the project”.-He added
Aliyev said that serious work was carried out on this project for a significant amount of time, however, after the mentioned issues emerged, the project was revised and it was decided to suspend it.
It was planned to construct the plant on the territory of the free industrial zone in Kulevi.