LLC Georgian Oil and Gas Corporation was established in March, 2006 by the order of the Minister of Economic Development of Georgia. The government owned 100% shares of JSC “Georgian International Oil Corporation”, JSC “Georgian International Gas Corporation” and JSC “Saknavtobi” (Georgian Oil) were accumulated in GOGC’s share capital. On September 5, 2011, LLC Georgian Oil and Gas Corporation was reorganized into a Joint Stock Company.
Currently the Partnership Fund owns 100% of the corporate shares. The Partnership Fund itself is owned by the state. The company is managed by the Ministry of Energy.