Baku - APA-Economics. SOCAR Georgia Investments will build an oil refinery instead of carbamide plant in Georgia.
APA-Economics reports citing to Interfax that the plant costs $120 mln.
Georgian government and SOCAR Georgia Energy reached an agreement on the project.
The plant is planned to refine 2 mln tonnes of light oil per year. Along with this, 10% of products will be sold at concessional price. 70% of employees must be Georgian citizens.