Date: 17 January 2019, 12:35, READ:
"SOCAR carbamide plant is the only large enterprise in the region and two third of its products will be exported to Turkey. Moreover, we plan to start exports to Ukraine and Georgia. The plant’s products will also be put up on the international exchange, where the operation will be carried out by SOCAR Trading,” Jafarov told Reuters.
Regarding the return of the loan received for the construction of the plant, the director noted that this would begin 1.5 years after the start-up of the enterprise, and the plant will begin to bring profit eight years later.
On January 16, President of Azerbaijan Ilham Aliyev attended the inauguration of SOCAR carbamide plant constructed in the territory of Sumgayit Chemical Industrial Park.
SOCAR President Rovnag Abdullayev and director of the plant Khayal Jafarov informed the head of state of the work done.
The foundation of the plant was laid by the President of Azerbaijan in December 2011.
Samsung Engineering Co. Ltd. won an international open tender to provide engineering, procurement, construction and pre-commissioning services for the plant.