SOCAR to invest $50m in Georgia
Azerbaijan’s state oil company SOCAR intends to invest $50 million
in neighboring Georgia in 2010, according to the head of SOCAR
Georgia Energy Mahir Mammadov.
Mammadov said $26m of the allocated amount will be spent on gas projects, mainly on supplying gas to Georgia's regions. Expansion of the Kulevi oil terminal is also planned.
Mammadov also confirmed SOCAR’s plans to open 28 gas-filling stations in Georgia, which will expand its network of oil products sale.
SOCAR Energy Georgia is engaged in distributing and marketing oil and oil products in Georgia. In particular, the company sells oil and gas in the Georgian market.*
Mammadov said $26m of the allocated amount will be spent on gas projects, mainly on supplying gas to Georgia's regions. Expansion of the Kulevi oil terminal is also planned.
Mammadov also confirmed SOCAR’s plans to open 28 gas-filling stations in Georgia, which will expand its network of oil products sale.
SOCAR Energy Georgia is engaged in distributing and marketing oil and oil products in Georgia. In particular, the company sells oil and gas in the Georgian market.*
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