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Thursday, 27 October 2016


Georgia reckoning to build oil refinery with Azerbaijan’s help

2011-02-16 14:58

13600.jpegGeorgia is holding negotiations with Azerbaijan on the construction of an oil refinery, reports. 


The construction of an oil refinery is just one of the scheduled projects that Georgian authorities are planning to realize in the context of the foundation to be opened in the nearest time.

This foundation, as Prime Minister Nika Gilauri believes, will sponsor major projects in the field of agriculture, energy safety and infrastructure.

Georgian Prime Minister thinks that private business is unable to cope with such a large project as the construction of an oil refinery.

"It's hard for the private sector to work with such a foundation. The state will try to obtain the means individually. We will establish a new foundation; it will be a partnership foundation to realize several projects", - Gilauri stated.

Georgia reckons that Azerbaijan will become a donor for a whole number of large-scale projects in the Georgian territory, including the construction of the Georgian sector of the Baku-Tbilisi-Kars branch and the involvement in one more gas pipeline construction.

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