GOGC to Sell More Than 40 Tons of Oil

01 July, 2016
JSC "Georgian Oil and Gas Corporation" (GOGC) has announced an auction for the sale of Georgian Heavy Crude Oil.

Total amount of oil to be sold equals to 40 tons. Georgian Heavy oil will be sold from oil reservoir located in #13 well area in the Village of Chaladidi, Khobi Region.

All interested candidates are welcome to participate in the Auction.

The auction will proceed by reducing the discount USD 6.70 (discount per each barrel of oil) set by the Corporation by USD 0.2 decrement.

All interested Bidders shall submit to the Corporation application stipulating acceptance of the terms and conditions and willingness to participate not later than July 8, 2016.