BAKU, Azerbaijan, Dec.13
By Leman Zeynalova – Trend:
Azerbaijan’s state oil company SOCAR has invested a total of $27 million in Georgia in the first nine months of 2019, Ibrahim Ahmadov, deputy head of SOCAR public relations and events department, told Trend.
“The major part of this amount went to rehabilitation of gas distribution networks in the country and in construction of a multifunctional complex in Terjola,” he said.
Ahmadov noted that the process of construction of the gas station in Terjola is complete. “Currently, we are testing the equipment and plan to open the complex by end-2019.”
He went on to add that no construction projects are planned by SOCAR in Georgia for 2020.
SOCAR exports gas extracted at Azerbaijani fields through its own funds to Georgia without participation of foreign companies. Moreover, Georgia receives Azerbaijani gas extracted at Shah Deniz offshore field with participation of SOCAR and foreign companies.
Presently, SOCAR is the major supplier of natural gas, oil and oil products to Georgia. SOCAR’s subsidiaries are engaged in expansion and modernization of the country’s gas distribution systems, development of filling stations under SOCAR’s brand and have an oil terminal in Georgia’s Kulevi Black Sea Port, which supplies Azerbaijani oil and oil products to the world markets.
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