About Civil.ge
Eng | Geo | Rus
Last updated: 10:55 - 1 May.'18
RSS
Mobile
Twitter
Facebook
SOCAR Buys Itera-Georgia
Civil Georgia, Tbilisi / 1 Nov.'12 / 18:07

Azerbaijan’s state oil company, SOCAR, became sole distributor of natural gas in Georgia, except of the capital city Tbilisi, after acquiring Itera-Georgia.

SOCAR President Rovnag Abdullayev told reporters in Baku that the cost of the acquisition was confidential but not large, Reuters reported.

Itera-Georgia, a subsidiary of Itera International Group of Companies, has confirmed that talks on sale of the company, ongoing for more than a year, were finalized this month. According to Itera-Georgia it is supplying natural gas to 170,000 customers in Georgia’s provinces.

SOCAR’s Georgian subsidiary purchased about two dozen of gas distribution companies in Georgia’s provinces in 2008; the company also operates oil terminal in Kulevi and runs chain of gasoline stations across Georgia.

SOCAR President Rovnag Abdullayev said that the recent change of government in Georgia would not change SOCAR's position in Georgia, Reuters reported. He said that Georgia's new PM Bidzina Ivanishvili had met with the head of SOCAR's Georgian subsidiary and the Azerbaijan ambassador “and values SOCAR's investments in Georgia highly”.

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 © 2001-2019, Daily News Online
Registered office: 2 Dolidze Str, 4-th Floor.
35