Monday, 09 December 2024 14:12

SOCAR expands operations with acquisition of Georgian gas pipelines

The Georgian government has approved the direct sale of gas pipelines in western regions of the country for 19.8 million lari ($7 million).

The corresponding decree was signed by Georgia's Prime Minister Irakli Kobakhidze. The privatization involves 41 gas pipelines in villages of the Imereti, Guria, and Samegrelo-Zemo Svaneti regions. The process is scheduled over 17 years, with payments to the state beginning in 2032.

 

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