Azernews.Az

By Fatma Babayeva

Azerbaijan’s state energy company SOCAR has no plans for the construction of an oil refinery in Georgia, head of the SOCAR Energy Georgia LLC Mahir Mammadov told Trend on May 19.

Mammadov noted that no agreement was signed with the Georgian government on the construction of a refinery in this country.

Earlier, Georgia's President Mikheil Saakashvili announced about the construction of a refinery in Georgia's Poti by SOCAR in 2012.

However, no decision has been made so far about the refinery's construction.

At the moment, there is no single operating refinery in Georgia. Therefore, the country has to import oil products. SOCAR exported 333,020 tons of oil products to Georgia in 2015 compared to nearly 298,260 tons in 2014.

The sale of oil products in Georgia is carried out through SOCAR Energy Georgia LLC which represents SOCAR's interests in this country and has several subsidiaries.

In accordance with the statistics, 5.45 million tons of oil products were produced in Azerbaijan during 2015 compared to 5.31 million tons of oil products manufactured during 2014.

In addition, 1.45 million tons of oil products were produced during the first quarter of 2016 compared to 1.34 million tons of oil products produced during the respective period of 2015.

Currently, SOCAR implements modernization projects of its refineries in Azerbaijan.

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Fatma Babayeva is AzerNews’ staff journalist, follow her on Twitter: @Fatma_Babayeva

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