Georgian Oil and Gas Corp holding auction for selling 20,000 tons of oil
The Georgian Oil and Gas Corporation (GOGC) has announced an auction to sell 20,000 tons of Georgian Light and Georgian Heavy oil extracted in Georgia, Trend news agency reported.
The corporation told Trend that those wishing to participate in the auction must transfer the equivalent of $100,000 in the Georgian currency to the corporation's bank account.
The company which will offer the lowest discount per barrel of oil will be the winner.
Oil will be supplied in several stages on the basis of the agreement between the corporation and the winner of the auction, and at pre-determined time.
The auction for oil sale will be held in the corporation in Tbilisi on Thursday, December 20 at 16.00.
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