Austrian OMV oil company to start gas exploration in Georgia
BAKU, Azerbaijan, Sept.23
By Tamilla Mammadova – Trend:
Austrian OMV oil company will begin geological exploration in the sea waters of Georgia, Trend reports via the State Oil and Gas Agency.
According to the agency, OMV board member Peter Zillinger said the attractiveness of the business environment in Georgia is well known and reflected in international rankings.
According to him, the company wants to start work in Georgia.
“There must always be a balance between the perspective and the business environment. From a perspective point of view, Bulgarian waters are very promising, but on the other hand, the attractiveness of the business environment in Georgia is well known, which is reflected in international ratings,” said Zillinger.
Meanwhile, on June 22, 2020, the LEPL Oil and Gas Agency of the Ministry of Economy and Sustainable Development of Georgia conducted an open international tender to obtain the General License for the Oil and Gas Resources on the Black Sea II and III License Blocks. OMV PETROM SA, the member company of OMV Group, was announced the winner for the II License Block.
OMV Petrom is the largest energy company in Southern and Eastern Europe.
The company is active in every aspect of the energy value chain: from wells, producing oil and gas, to refining and fuel distribution, gas supply and power generation, says the official website of the company.
OMV Petrom is controlled by Austria's OMV, which is the second-largest oil and gas company in Austria and the tenth in Europe based on Forbes ratings.
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