Georgia, Tbilisi / corr. Trend N.Kirskhalia / The Director-General of the Energy Georgia (a subsidiary ofAzerbaijan Company SOCAR), Mahir Mammadov, stated that the Company intends to invest $20 mln into the economy of Georgia over the next two years, Trend Special Correspondent reports.
He attends the 6th International Oil, Gas, Energy and Infrastructure Conference which has commenced in Tbilisi on 22 March. The two-day conference will focus on the oil and gas transportation and production and energy problems. According to Mammadov, this finance will be directed towards constructing three oil bases and 25 filling stations in Georgia. "We intend to involve 500 people in these enterprises," Mammadov said.
In addition, he said that the Company had purchased an oil terminal in Kulevi (near Poti city). "At present it is geared up to process up to 10 mln tons of oil per year and in the near future its capacity will be increased up to 15-20 mln tons which will provide an opportunity to become a major oil supplier for the world market," Mammadov said.