A signing ceremony between the Ministry of Environment and Agriculture of Georgia and the Ministry of Agriculture on the implementation of the Agrodiesel project to support local farmers for 2021Friday, 29 January 2021 13:49
Imported Social Natural Gas Price Has Been Optimised with an Agreement Signed After a Meeting of Giorgi Gakharia and Rovnag AbdullayevFriday, 18 December 2020 10:40
Giorgi Gakharia, Prime Minister of Georgia met Rovnag Abdullayev, President of SOCAR State Oil Company of Azerbaijan today.
Focus of the meeting was made at the kind neighbourly relations and partnership of Georgia and Azerbaijan in various areas. Special attention was paid to the investment projects implemented by SOCAR in Georgia and prospects of deepening cooperation in future.
It was noted that cooperation of Georgia with SOCAR is truly successful in the area of natural gas, which is once again evidenced by the optimisation of the social gas price in the country.
Namely, Ministry of Economy and Sustainable Development of Georgia has been instructed by the Government of Georgia to negotiate with SOCAR a deal to import 200 million cubic meters of the so-called social gas with a reduced tariff from Azerbaijan to Georgia. Amendments were made to the existing agreement on social gas supply originally signed in 2016. Signing ceremony held today engaged Natia Turnava, Minister of Economy and Sustainable Development of Georgia; Giorgi Bakhtadze, CEO of Oil and Gas Corporation and Rovnag Abdullayev, President of SOCAR after a meeting with the Prime Minister of Georgia.
As a result of the referred agreement. Government of Georgia will be able to maintain the stability of natural gas price for citizens of Georgia.
It was underlined that after the completion of the fourth stage of the South Gas Corridor, which envisages the transportation of Shah Deniz gas to the European market, will channel higher volumes of Azerbaijani gas through Georgia. At the same time, the country will be able to purchase more concessional Azerbaijani gas to meet its domestic demand.
Meeting with the Prime Minister of Georgia and signing ceremony was attended by Faig Guliyev, Ambassador Plenipotentiary and Extraordinary of Azerbaijan to Georgia; Mahir Mamedov, CEO of SOCAR Energy Georgia; Elshad Nasirov, President of SOCAR for Investments and Marketing; Vagif Aliyev, Director of Investments at SOCAR.
Press Service of the Government Administration
The first phase of SOCAR's UEFA Euro 2020 campaign is finished by turning the petrol station on Agmashenebeli Highway into London. Designed with most iconic London details in mind, it is one of the 11 stations rebranded for the upcoming tournmanet.
The only host city which is not represented in campaign is Saint Petersburg due to political tension between countries and Russian occupation of Georgian territories.
Today, Georgian Prime Minister Giorgi Gakharia held a meeting with Rovnag Abdullayev, President of the State Oil Company of Azerbaijan Republic (SOCAR).
SOCAR's investment projects implemented in Georgia were the key topic of the discussion. The meeting was attended by Georgian Minister of Economy and Sustainable Development Natia Turnava, General Director of SOCAR Energy Georgia Mahir Mammadov, Head of the SOCAR Investments Department Vagif Aliyev, and Azerbaijan's Ambassador Extraordinary and Plenipotentiary Dursun Hasanov.
SOCAR will continue to support the government of Georgia - the SOCAR President Rovnag Abdullayev said at the joint press-conference with Vice Premier, Minister of Energy Kakha Kaladze.
According to him, SOCAR has been operating in Georgia for 10 years and this company has been implementing large investments.
“We are pleased that our partnership will be further modified and we have visions of the future. The agreement had been made to ensure a stable gas supply of Georgia", - he said.
Mr. Abdullayev thanked SOCAR employees, who, as he said, prepared high quality contract.
Following the agreement signed with SOCAR, there is no necessary to import natural gas from Iran- the Energy Minister, Vice-Prime Minister, Kakha Kaladze said today after meeting with the President of SOCAR, Rovnag Abdullayev.
According to him, Georgian side had begun negotiations in parallel with Iran because there have been some technical problems with Azerbaijan.
“We met each other and talked about the possibility of Iranian gas import. In theory, the possibility exists but there is no need. We have our strategic partner countries, companies have signed an agreement that will provide Georgia with gas supply and market satisfaction," -said Kaladze.
Georgia will additionally receive 500 million cubic meters of natural gas from Azerbaijan - was noted during the a meeting between the Prime Minister Giorgi Kvirikashvili and the President of State Oil Company of Azerbaijan Republic "Socar" Rovnag Abdullayev.
The Ministry of Energy and the company "Socar" summed up the results of the negotiations and prospects of strengthening cooperation.
"We are very pleased that the negotiations have been successfully completed and we arrived at the conclusion that our strategic partnership will be further strengthened in the future.There was no ground to expect a different result. We are pleased by the fact that " SOCAR "has technical ability to provide additional volumes of gas," - Prime Minister noted during the meeting.
It was noted that between the Government and the company "SOCAR" the package of contracts will be signed today. According to provisions of these agreements, Georgia will receive an additional 500 million cubic meters of natural gas. In addition, SOCAR expressed its readiness to to reduce the price of of the commercial gas for the gas stations with 35-40 US dollars per 1000 cubic meters.