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South Caucasus News

Инициатива Алиева: Тбилиси придётся выбирать



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South Caucasus News

Kazakhstan and Czech Republic leaders hold high-level talks in Astana


The official welcoming ceremony took place at the Akorda Presidential Palace, where the two leaders introduced members of their delegations.

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South Caucasus News

Deputy Prime Minister of Azerbaijan Mustafayev visits Armenia – commonspace.eu


Deputy Prime Minister of Azerbaijan Mustafayev visits Armenia  commonspace.eu

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South Caucasus News

Как творчество формирует города? В преддверии WUF13 специалисты обсудили вопросы дизайна



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South Caucasus News

Вопрос репрессий против сикхов обсудили у Европарламента в Брюсселе



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South Caucasus News

Ukraine formally asks Israel to act on ‘stolen’ grain ship


Ukrainian Foreign Minister Andrii Sybiha said on Wednesday that his country had formally requested Israel to act against a ship that is allegedly transporting stolen grain from occupied Ukrainian territory, AzerNEWS reports.

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South Caucasus News

КНДР обошла США: ядерная угроза



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Участники форума в Баку поднимают тему давления извне и правил игры в мировой политике



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South Caucasus News

US company Aspect Georgia LLC to begin oil and gas extraction in Georgia


US company to begin resource extraction in Georgia

US company to begin resource extraction in Georgia

US company Aspect Georgia LLC, an international investor in oil and gas, has launched operations in Georgia. The Georgian government says the move could bring major investment into the country’s energy sector.

The company plans to explore for and produce resources in eastern Georgia and will invest $70 million in the project, according to the Economy Ministry. Aspect Georgia LLC joins other investors already operating in the region.

US company to begin resource extraction in Georgia
Signing ceremony

The new investor will acquire a stake in a joint project currently run by three contractors: Georgia Oil and Gas Limited, Georgian Oil and Gas Corporation and GOG SLADS Limited. The three companies signed the original agreement on 23 December 2021 after an open international tender held by the State Oil and Gas Agency.

According to the Economy Ministry, all sides have signed an updated agreement, including the State Oil and Gas Agency, current contractors and the new investor. Deputy Economy Minister Inga Pkhaladze attended the signing ceremony.

Aspect Georgia LLC is registered in the US state of Colorado and is a subsidiary of Aspect Holding LLC. According to the ministry, the holding has extensive experience in oil and natural gas exploration and production, including in fields with complex geology, and has operations in the United States, Central Europe, Latin America and the Middle East.


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South Caucasus News

WUF13 бьет рекорды: 13,3% зарегистрированных составляют субъекты предпринимательства