Georgian Prime Minister Giorgi Gakharia has met with Rovnag Abdullayev, the CEO of Azerbaijan's SOCAR oil company.
The meeting participants focused on good neighborly relations between Georgia and Azerbaijan and existing partnerships in various areas. They stressed the significance of investment projects carried out in Georgia by the SOCAR company and the prospects of deepening cooperation.
It was noted that Georgian Oil and Gas Corporation has cooperated with the SOCAR in the field of natural gas successfully, with this resulting in the completion of the agreement to stabilize the price of natural gas for social purposes in the country.
Thanks to the agreement, the Georgian government will manage to retain a stable gas price for a longer period of time.
During the negotiations between the Ministry of Economy and Sustainable Development, Georgian Oil and Gas Corporation, and SOCAR on behalf of the Georgian government, it was agreed that Azerbaijan would supply Georgia with 200 mln cubic meters of gas for social purposes at a reduced rate. The agreement has already been signed.
It was emphasized that after the completion of the fourth stage of the Southern Gas Corridor, more natural gas from Azerbaijan would pass through Georgia. Additionally, the country will be enabled to purchase Azerbaijan's natural gas at a lower price.
Ambassador of Azerbaijan to Georgia Faig Guliyev, Director General of the SOCAR Energy Georgia Mahir Mammadov, SOCAR Vice-President for economic issues, Elshad Nassirov, head of SOCAR Investments Department, Vagif Aliyev, attended the meeting with the Georgian Prime Minister.
