SOCAR: Carbamide plant to bring $160 mln profit to Azerbaijan annually

SOCAR: Carbamide plant to bring $160 mln profit to Azerbaijan annually
  • Clock-gray 17:25
  • calendar-gray 13 June 2019

“Carbamide plant built in Sumgayit will bring up to $ 160 mln profit to Azerbaijan annually,” director of SOCAR Carbamide plant Khayal Jafarov told reporters, APA-Economics reports.

According to him, first of all, the construction and commissioning of the plant will fulfill the demand for fertilizers in Azerbaijan.

“If $ 90-120 mln. was spent to purchase fertilizer in the past, after this, this allocation will remain in the country,” the director stated.

Emil Ismayilov

Other news