ECONOMY

State Agency of Oil and Gas to exploit Black Sea shelf oil

09.11.21 18:00


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.

 

 

source: 1TV

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