Georgia, Tbilisi, July 31 / Trend, N.Kirtskhalia /
Today the Oil and Gas Corporation of Georgia holds an auction on sale of Georgian Light and Georgian Heavy oil produced and distributed during 2012.
Annual volume of oil of two types (24,600 tons) is put up for sale, the Oil and Gas Corporation of Georgia told Trend. The oil will be supplied in several stages within validity of agreement signed between the Corporation and the winner of the auction.
Those, who will present fewer discounts per barrel of oil, will be winner.
The winner is obliged to pay in advance or submit a bank guarantee in the amount of 110 percent of supplied oil cost to the corporation at every stage of oil supply.
The auction will take place in the administrative building of the Oil and Gas Corporation.