12.Dec .2019 13:21

Presentation of Oil Refinery Project of Kulevi is being Held today

Presentation of Oil Refinery Project of Kulevi is being Held today
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The PHASIS OIL LLC and consulting company Deloitte & Touche hold presentation of a high-tech oil refinery project of Kulevi at Sheraton Metekhi Palace.

According to the company, construction of high tech oil refineries is planned in Georgia and world leading companies will take part in the process. (Axens, Tecnicas Reunidas, Royal Dutch Shell).

According to them, crude oil is 100% processed during the production process and eventually produces ecologically clean “Euro 5” standard petrol and diesel fuel.

The company notes, that the project is unique for Georgia, as the production will not generate solid waste and the final product shall be ecologically clean “Euro 5” standard petrol and diesel fuel, which will considerably improve the ecological situation in the country.

The construction of oil refinery in Kulevi is scheduled by 2021 and will last 3 years. To note, 1500 persons will be employed during the construction.

According to the investment project, 70% of employees will be local residents. Most of the employees will be trained in Europe's leading oil refineries. After the refinery shall be operating at its full capacity, proceeds to the state budget of Georgia will amount to around 50-60 million GEL annually”, the document reads.