Georgia Opens New Oil Terminal

May 16, 2008

Mikhail Saakashvili

The President of Georgia has opened Kulevi oil terminal today. Prime Minister of Azerbaijan was attending the event. Owner of the Kulevi is the Georgian-Azerbaijan company Sokar-Energy-Georgia, which has invested 380 mln U.S. dollar in the construction of the terminal and plans to grow the invested funds up to 480 million. Kulevi terminal is capable to pump over 9 million oil product.

Source: Rustavi 2 Broadcasting; May 2008

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