Tbilisi (GBC) - "Kulevi Oil Refinery Plant” is one of the important projects for energy security of the country.
In the history of independent Georgia, such large investments have not been made many times, "with the coordination of the state and the private sector, which will allow us to establish a new industry in the country", said Economy Minister Levan Davitashvili at the presentation of the new factory project.
Black Sea Petroleum is building the first full-cycle plant. The total investment volume is up to 700 million US dollars. The output of phase I will be more than 1 million tons.
At the final stage, the enterprise will be able to satisfy both local consumption and produce high-standard products, which are also exported to the European market.
The factory will be equipped with high-tech, modern equipment, which will ensure the production of final products of the highest quality, international standard. In addition, according to the information of the First Vice Prime Minister, the development of the enterprise is fully in line with the highest environmental protection standards. The plant will start operating in March 2025 and plans to process 1.2 million tons of crude oil annually in the first stage.