Azerbaijan, Baku, 14 March /corr. Trend S.Aliyev / In 2008, SOCAR Energy Georgia Company, which is 100% daughter enterprise of the State Oil Company of Azerbaijan (SOCAR), will increase the fuel supply to the Georgian market by at least 150,000 tons up to 350,000 tons, the Head of SOCAR Energy Georgia, Mahir Mammadov, said on 14 March in Baku.
SOCAR Energy Georgia supplies oil products produced in Azerbaijan to Georgia.
"Until now, we have invested $380mln in Georgia's economy and in 2008 this figure will total $100mln," Mammadov said. Part of the investments will be spent on construction of a dry cargo terminal LPG on the base of the oil terminal in Kulevi, on the Black Sea shore of Georgia. On 13 March, the Government of Georgia provided permission to launch the terminal in Kulevi.
The trans-shipment capacity of the terminal makes up 9mln tons (2mln tons of oil, 3mln tons of diesel fuel, 4mln tons of mazut). The total capacity of the terminal's reserve part is 320,000 cu.m of the gas. There are plans to increase the trans-shipment capacity up to 20mln tons and reserve park up to 380,000 cu.m of the gas.