Georgian Oil and Gas Corporation Is Announcing An Auction For The Sale Of Oil
26 January, 2012
Georgian Oil and Gas Corporation Is Announcing An Auction For The Sale Of OilGeorgian Oil and Gas Corporation is announcing an auction for the sale of Georgian Light oil with expected annual (2012) quantity of up to 18 000 tons and on Georgian Heavy oil with expected annual quantity of up to 2 500 tons.
The participating auction bidder to offer the lowest discount for purchasing one barrel of oil will be nominated as the Auction Winner.
Auction will proceed by reducing the discount set by the Corporation at USD 7.7 per each barrel of oil.
Oil deliveries will be carried out in stages during the effective period of the General Contract signed between Corporation and the Auction Winner.Both types of oil will be delivered from Vaziani railway station terminal.
Auction will be held 4.00 pm, February 16, 2012 at the head office of Georgian Oil and Gas Corporation..
The participating auction bidder to offer the lowest discount for purchasing one barrel of oil will be nominated as the Auction Winner.
Auction will proceed by reducing the discount set by the Corporation at USD 7.7 per each barrel of oil.
Oil deliveries will be carried out in stages during the effective period of the General Contract signed between Corporation and the Auction Winner.Both types of oil will be delivered from Vaziani railway station terminal.
Auction will be held 4.00 pm, February 16, 2012 at the head office of Georgian Oil and Gas Corporation..