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Georgian Oil and Gas Corporation announces auction to sell 17,500 tons of oil

Oil&Gas Materials 13 April 2011 13:17 (UTC +04:00)

Georgia, Tbilisi, April 13 / Trend, N. Kirtskhalia /

Georgian Oil and Gas Corporation announced oil sale, the Corporation told Trend on Wednesday.
According to reports, the Corporation has announced an auction to sell two types of oil in 2011 - 14,000 tons of Georgian Light and 3,500 tons of Georgian Heavy.

Those wishing to attend the auction should transfer $100,000 or its equivalent in the national currency, lari, to the Corporation's account.

The contender who will offer the Corporation a minimal discount for one barrel of marketable oil as compared with other contenders, buy the oil without discount or outbid the other contenders will be announced the auction winner.

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