IN RUSSIAN

SOCAR ups investments in Georgia

28 December 2011 - 5:22pm

 

Investments of the State Oil Company of Azerbaijan (SOCAR) in Georgia reach one billion dollars, Mahir Mammadov, head of SOCAR Energy Georgia, which represents SOCAR's interests in Georgia, said at the event on the fifth anniversary of the subsidiary, Trend reports.

 

"We have a very good level of relations and we intend to further continue close cooperation with local authorities to expand our activity in Georgia," Mammadov said.

 

He stressed that SOCAR Energy Georgia continues to supply gas to Georgia's regions. In 2012, the company will actively develop a network of gas stations throughout Georgia. At present, the number of gas stations under SOCAR brand in the country exceeds 80 units.

 

Read also

Dec 10 2014 - 22:13
 
Dec 4 2014 - 13:11
The State Oil Company of the Azerbaijan Republic (SOCAR) will expand its presence in the Georgian gas sector. SOCAR Georgia Gas will signed a new agreement with the Georgian government to expand Georgia's gas supply network, abc.az reports.The 3-year agreement has already been initialled. It will increase the investments of SOCAR Georgia Gas to $250 million and the number of clients to 250,000. The new agreement will need about $25 million in investments in 2015.
Nov 17 2014 - 18:54
 The draft agreement on Afghanistan-Turkmenistan-Azerbaijan-Georgia-Turkey transport and transit corridor was discussed during a five-sided meeting in Ashgabat, a message from the government of Turkmenistan said on November 17, Trend reports. During the meeting, it was noted that this transport and transit corridor project will promote Afghanistan’s socio-economic revival and allow the country to join major regional and international infrastructure projects, according to the message from the government.
Nov 17 2014 - 11:00
Azerbaijan, Afghanistan, Georgia, Turkmenistan and Turkey have discussed the transit corridor which will connect the countries at a meeting in Ashkhabad. The project will give the countries new access to world markets and activate economic ties in the Eurasian space, Trend reports.
Nov 1 2014 - 19:38
 The Azerbaijani capital Baku is going to host an Azerbaijani-Georgian business forum on November 5th. Attendees of the event are expected to focus on the economic potential of the Georgian region of Ajara, Trend reports.

Archive