Selling Kulevi Terminal to SOCAR targeted to restore balance in the region, says Badri Patarkatsishvil

Selling Kulevi Terminal to SOCAR targeted to restore balance in the region, says Badri Patarkatsishvil
# 12 February 2007 15:09 (UTC +04:00)
Georgian businessman Badri Patarkatsishvili commented on acquisition of Kulevi Oil Terminal to SOCAR, saying Azerbaijani investments will make Kulevi to be one of the best ports in the Black Sea.
He told Imedi Tele-company that selling the port to SOCAR is targeted to restore balance in the region.
“Kazakhstan is investing in Georgia, Azerbaijan investment will balance foreign capital in the country. As a strategic partner and neighbor of Georgia, Azerbaijan needs an oil terminal for transportation of energy supplies. Oil terminal is already ready, gas terminal will also be operational soon,� he said.
The Terminal will be commissioned in the second half of the year. /APA/
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THE OPERATION IS BEING PERFORMED