Session of shareholders of Georgian Oil&Gas Corporation is held today. The corporations supervisory board headed Zurab Nogaideli, Georgian prime minister.
Trend reports that charter capital of the company includes 100% of shares of JSC Georgian International Oil Corporation, JSC Georgian International Gas Corporation and JSC Gruzneft. New enterprise has a legal status of a limited liability company.
According to the appropriate ministers order, there are seven people on the board; head of the board became Georgian prime minister Zurab Nogaideli. David Inkorokva, president of Georgian International Gas Corporation, was appointed LLCs Director General. Charter capital of Georgian Oil&Gas Corporation, LLC will amount 101,107, 690 lari.
On 20 April it is planned to gather shareholders of JSC Georgian International Oil Corporation, JSC Georgian International Gas Corporation and JSC Gruzneft and talk of these companies restructuring and passing their functions to the merged company. This process is planned to complete by mid-May.
The main reason for the merge is the governments intention to coordinate the process of natural gas supply to Georgia, Kavkaz-press reports.