03 January 2013 17:44 [Source: ICIS news]
LONDON (ICIS)--The State Oil Company of the Azerbaijan Republic (SOCAR) expects construction of its planned 700,000 tonne/year urea installation in Georgia to start by the end of this year, the company said on Thursday.
Previously, the company had expected the construction start-date to match that of a another urea installation scheduled to be built in Azerbaijan from the first quarter of this year, it added.
SOCAR has applied to the Georgian economy ministry for free industrial zone status to be awarded to the site in Georgia where it plans to build a urea plant, located between the ports of Poti and Kulevi on the Black Sea coast.
The identical urea plant in Azerbaijan is to be constructed in Sumgait, near the premises of SOCAR's petrochemical subsidiary, Azerikimya.
SOCAR plans to sell the urea output from the Georgian plant as well as approximately one-half of the urea production of the plant in Azerbaijan to the Turkish and other Black Sea regional markets, with the remainder expected to be purchased for domestic consumption.
In the past three years, SOCAR representatives have completed research visits to several countries that already produce urea, including Egypt, Iran and Jordan.
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