Baku 29° C
Georgia to start oil exploration in Black Sea
Energy
- 09 November, 2021
- 13:30
Georgia will begin oil exploration on the Black Sea shelf in May 2022, Report informs, citing the Georgian Oil and Gas Corporation.
An Austrian company will carry out large-scale geological research. The total cost of the project is $30 million.
Georgia signed a production sharing agreement with OMV Petrom in April 2021. According to the document, the Austrian company has developed a 7-year action plan in Georgia.
Author
Azerbaijani Version 
Russian Version Latest News
13:22
EU ready to offer investments, innovative projects to Pacific region countries
Other countries13:10
Azerbaijan, UAE mull prospects for further deepening energy cooperation
Business12:55
Iran, IAEA discuss new framework for future cooperation
Other countries12:47
Photo
Video
Azerbaijan builds largest BESSs in region
Energy12:27
Azerbaijan, Brazil may cooperate in mining, mineral processing sectors
Energy12:27
Shah Deniz consortium inks $321M contract with Azfen as part of SDC project
Energy12:18
Trump commits to pursuing Russia-Ukraine peace: They are 'not ready yet,' but 'something is going to happen'
Other countries12:13
Portugal declares day of mourning for 15 people killed in Lisbon funicular railway crash
Other countries12:10