State Agency of Oil and Gas to exploit Black Sea shelf oil
State Agency of Oil and Gas to exploit Black Sea shelf oil
17:30, 09.11.2021

The State Agency of Oil and Gas will exploit the Black Sea shelf oil from May 2022.

According to the Agency, an Austrian company will conduct large-scale research with a total value of USD 30 million.

Georgia signed the agreement of stakeholding distribution in April of 2021. OMV Petrom has a 7-year work plan assigned by the contract.



By - Elene Dobordjginidze

Economics
Black Sea shelf oil
State Agency of Oil and Gas
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