About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
Georgian PM: No Plans to Sell Controlling Stakes in North-South Gas Pipeline
Civil Georgia, Tbilisi / 16 Feb.'11 / 15:35

PM Nika Gilauri reiterated during his visit to Yerevan on February 16, that Georgia would not sell controlling stake in North-South Gas Pipeline through which Armenia receives gas from Russia, Yerevan-based news agency, Novosti Armenia, reported.

“I was asked this question previously for number of times and I want to state, that the Georgian government will not be selling controlling stakes of the gas pipeline. There are strategic assets, which the Georgian government will continue to manage,” Gilauri was quoted as saying at a news conference in Yerevan in response to a journalist’s question.

The idea of initial public offering of minority shares of Georgian Oil and Gas Corporation (GOGC), which operates the North-South Gas Pipeline, was first voiced by PM Gilauri last summer, when the legislative process was underway in the Georgian Parliament for removing the pipeline from the list of “strategic assets”, hence paving the way for potential sale of its shares.

In January Azerbaijani news agency, Azeri-Press Agency (APA), reported quoting the president of Azerbaijan's state-owned oil firm SOCAR, Rovnag Abdullayev, that the company was interested in purchasing the North-South Gas Pipeline.

Alexander Khetaguri, the Georgian energy minister, said in an interview with Reuters earlier this month that Georgia was considering registering 25% of GOGC’s shares on international stock exchange as a part of an IPO process possibly next year. He, however, also added that issuing of the corporation’s Eurobonds instead of IPO was not also ruled out.

Latest News
01 May.'18 10:55
We Have Moved to a New Platform
Direct Your Bookmarks to https://civil.ge.
29 Apr.'18 03:54
Ruling Party Candidate Wins MP By-Elections
Givi Chichinadze will represent Vani and Khoni single-mandate constituency in the Parliament of Georgia.
28 Apr.'18 09:40
Polls Open for Vani and Khoni MP By-Elections
48,123 voters are eligible to cast their ballots in Vani and Khoni single-mandate constituency.
27 Apr.'18 17:23
State Dept’s Europe Affairs Point Man to Visit Tbilisi
Wess Mitchell will meet senior government officials and address the NATO-Georgia Public Diplomacy Forum.
27 Apr.'18 13:45
In Quotes: Georgian Politicians on Ex-PM Bidzina Ivanishvili’s Comeback
Bidzina Ivanishvili will be approved as the Georgian Dream party chairman at the upcoming convention.
26 Apr.'18 18:15
SG Jens Stoltenberg: Georgia NATO’s ‘Very Close’ Partner
The NATO Secretary General says Foreign Ministers meeting tomorrow will recognize the country’s progress.
26 Apr.'18 14:24
Ex-PM Ivanishvili to Chair Georgian Dream Party
Prime Minister Giorgi Kvirikashvili said Ivanishvili was ‘best equipped’ to add new dynamism to the party.
26 Apr.'18 11:12
Lawmaker Proposes Criminal Liability for ‘Insult of Religious Feelings’
The parliamentary human rights committee decided to set up a working group for scrutinizing the draft law.
25 Apr.'18 17:21
New Abkhaz Government Head Appointed
Gennady Gagulia has served as the Abkhaz “prime minister” twice - in 1995-1997, and 2002-2003.
25 Apr.'18 14:43
Watchdog Improves Georgia’s Press Freedom Ranking
None of the countries of the former Soviet Union (except the Baltics) are ranked ahead of Georgia.

About Civil Georgia
Civil.Ge © 2001-2022, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.