Georgia Oil and Gas

Gazprom suggested Georgia a variant of mutually beneficial conditions of gas transit to Armenia

Gazprom made an offer to Georgia by the mutually beneficial conditions of gas transit to Armenia and gas supply to Georgia, Gazprom export reports.

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Georgia refused to turn to monetary form of payment for gas transit of Gazprom

The Minister of Energy of Georgia, K. Kaladze, said that his meeting with the representatives of Gazprom upon the issue of signing the gas agreement had no result.

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In the first 8 months, transit of Kazakh oil through Azerbaijan to Batumi was 1.6 mln tons

In January-August 2016, the transit of Kazakh oil and oil products through Azerbaijan to the Georgian port of Batumi amounted to 1.6 million tons, the Minister of Energy of Azerbaijan Natig Aliyev

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SOCAR to build new gas pipeline in Georgia

SOCAR intends to construct 360-km pipeline in Georgia be the end of 2017. This will allow the company to provide nearly nine thousand subscribers in the country with gas.

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Turkey has received 41 bln cubic meters of gas from Shah-Deniz in Azerbaijan

Since 2007, within the framework of the first stage of the Shah-Deniz field development, Turkey received 41 billion cubic meters of gas. This was reported by SOCAR on August 29, 2016. 

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GOGC starts the second stage of underground gas storage construction in Georgia

Georgian Oil and Gas Corporation (GOGC) has started the second stage of the project for the construction of an underground gas storage in the country.

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In 2015, Azerbaijan allocated 650 million mantas from budget for Southern Gas Corridor

In 2015, Azerbaijan invested 650 million manats to finance the share of SOCAR's participation in the project of the Southern Gas Corridor. This was reported by the Finance Ministry of Azerbaijan on May 20, 2016.
According to the authorities, the funds were allocated from the state budget as part of the major investment.

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SOCAR denies plans to build refinery in Georgia

SOCAR has no plans to build a refinery in Georgia¸general director of SOCAR Energy Georgia Mahir Mammadov reports.
According to him, there is no agreement with the Georgian Government on the issue. "At least, at this stage SOCAR has no plans to build a refinery in Georgia," - Mammadov said.

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Georgia intends to receive 1 bln cubic m of gas a year for transit in the framework of Southern Gas Corridor

​Georgia, one of the participants of the Southern Gas Corridor project, intends to annually receive about 1 bln cubic m of gas for transit from 2020, the PM of Georgia, G. Kvirikashvili, said.
On Tuesday he participated in the ceremony of the start of construction of TAP by which Azeri gas will be pumped to Europe.
TAP is a part of Southern Gas Corridor which presupposes the construction of the system of gas pipelines TANAP- TAP with the length of 3.46 thousand km from the Azeri deposit Shakh-Deniz via Georgia, Turkey, Greece, Albania and Adriatic Sea to the south of Italy.
The total value of the project is $45 bln. Its main stages are: the realization of Shakh-Deniz-2 with the value of $28 bln, expansion of the South-Caucasus pipeline system Baku-Tbilisi-Erzurum, construction of TANAP from the eastern to the western border of Turkey and TAP.

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SOCAR to build oil refinery in Georgia worth $ 120 million instead of urea plant.

SOCAR Georgia Investments, a Georgian subsidiary of the State Oil Company of Azerbaijan (SOCAR), instead of the urea plant, construction of which is planned for the Georgian Black Sea Kulevi, will build an oil refinery worth $ 120 million.
According to the statement of the Government of Georgia, an agreement with SOCAR Georgia Investments has been reached.

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