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Georgia and Kuwait to build oil refinery

2010-12-02 13:44

10836.jpegGeorgian Minister of Power Economy Alexander Khetaguri reported that the country's government is holding negotiations with Kuwait authorities on building an oil refinery.

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According to Business Georgia, Khetaguri reported that such negotiations with Kuwait investment agency and Kuwait Financial House have already been started.

He says the technical and economical project documentation is being drawn up with the participation of Otis Capital American company.

It is also stated that as soon as the package of documents is completed, 30-40 shares will be offered for sale at the exchange markets in London and Zurich.

Alexander Khetaguri underlined that when the refinery is constructed, the authorities of the country will give it to the investor or keep as their own property.

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