Georgia is going to invest over $80 million into oil and gas sphere
Edited by Rhod Mackenzie / 2014-02-18 12:28:27
The Minister of Energy and Natural Resources of Georgia K. Kaladze claims that Georgia is going to invest $84 million to development of its oil and gas sphere, to hydrocarbons exploration and production in particular.
He says that they are interested in geological exploration in the state the large foreign companies including Gindal Petroleum LTD (India). Gindal Petroleum LTD began drilling in January 2013, and already in March it got oil with daily debit of 25,000 tons. In future they are going to enlarge daily debit to 50,000 tons of hydrocarbons.
