SOCAR Georgia builds new office

Oil&Gas Materials 6 February 2009 12:51 (UTC +04:00)

Azerbaijan, Baku, Feb. 6/ Trend , E. Ismayilov/

The State Oil Company of the Azerbaijan Republic (SOCAR) Georgia does not plan to launch large-scale construction of a new office in the near future, company head Mahir Mammadov said.

"This is only the first stage. The construction of a reinforced concrete frame and partition is underway. It is too early to speak about all-out construction," Mammadov said.

Mammadov did not say when full-scale construction will begin and a new office will be opened.

A Georgian company won a tender to build SOCAR Georgia's new office.

The name of the company has not been released.

SOCAR Georgia's office will be built on an area of 4,000 square meters.

The company purchased the land for $3 million.

SOCAR Energy Georgia deals with distributing and marketing oil and oil products in Georgia. SOCAR Georgia co_founders are: SOCAR - 51 percent, Petro-Trans FZCO - 32.7 percent; and Ivan Chkartishvili - 16.3 percent.

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