SOCAR suspends carbamide plant construction
Azerbaijan’s state oil company SOCAR has suspended the
construction of the carbamide plant in Georgia’s territory, SOCAR
president Rovnag Abdullayev told reporters on May 8.
He said the project for construction of the plant has been
temporarily frozen.
This decision has been made because of the failure to complete the
certain negotiations with Georgian government, according to
Abdullayev.
SOCAR laid foundation for carbamide plant in Georgia in late
2012.
The investment cost of the project was $100 million. Completion of
the construction was expected to end in 2016.
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