American firms to build petroleum chemical complex in Azerbaijan
American companies intend to construct big petroleum chemical complex in Azerbaijan, informed Heydar Babayev,
Minister of Economic Development.
The Minister said the companies asked the Azerbaijani government for a guarantee for continuous raw material supply.
Yet, the Azerbaijani government does not fully trust the amount announced by the investors as investments on
construction of the complex. The Minister said they would organize a free expertise on the trustworthiness of the
The Ministry of Economic Development estimates the investments on the construction to be approximately $ 500-600 mm though no term is discussed with the American side yet.