Azerbaijan, Baku, Feb.22 / Trend, E.Ismayilov /
The Sarmatia International Pipeline Enterprise will consider increasing its authorized capital at an extraordinary shareholders meeting on March 16, CEO Sergei Skripka told Trend on Wednesday.
"The purpose of increasing the authorized capital is ensuring the community's work to prepare the Brody-Plotsk pipeline construction project in 2012," he said.
Skripka did not mention the increase amount, but he noted that it will be significant if any of the proposed increases are made.
Sarmatia was created under an oil transportation project via the Odessa-Brody-Gdansk-Plotsk route. Sarmatia's participants include SOCAR, the Georgian Oil and Gas Corporation, Ukrtransnafta, Przedsiebiorstwo Eksploatacji Rurociagow Naftowych Przyjazn SA and AB Klaipedos Nafta, each with an equity participation of 24.75 percent.