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SOCAR to begin oil depot construction in Georgia in 2012

Oil&Gas Materials 9 December 2011 20:27 (UTC +04:00)

Azerbaijan, Baku, Dec. 9 /Trend E.Ismayilov/

SOCAR Energy Georgia plans to begin operations to build the oil depot in 2012, a source in SOCAR told Trend today.

"Everything is ready to launch the construction operations in 2012," the source said.
The source said that all necessary permits were also obtained and the documentation was prepared.

The oil depot will be located near the Tbilisi International Airport. The company bought five acres of land worth $3 million in 2008.

Twenty four tanks with a total capacity of 20,500 tons will be located at the depot. Light oil products such as gasoline, diesel, jet fuel will be kept there.

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