As the source from KazMunaiGaz company told to Russian newspaper Moscow Times, recent political events didn't influence such a decision. The main reason is that company's experts after a great research found out thet the project is not feasible at all.
Kazakhstan, which sees Georgia as a key oil supply route to Europe, had been due to start building the refinery at the Kazakh-controlled Georgian port of Batumi this year. Total investment in the project was seen at $1 billion.
It actually had to be one of the steps leading to export independence from Russia.
Presumably not only financial matters are involved here, because Monday Kazakhstan announced that it would not go ahead with plans to build a grain terminal in another Georgian port of Poti because of political uncertainty surrounding the country.
Author: Ksenia Kochneva
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No Refinery in Georgia - the Kazakh say
The Kazakh state oil and Gas COmpany has changed its mind about refinery constriction in Georgia
