Wednesday, September 3, 2008
Indian companies to pay USD 37.1 million for oil and gas licence blocks
More foreign companies are ready to invest in the energy sector, the Ministry of Energy of Georgia has declared. According to released information, two Indian companies are about to pay USD 37.1 million for 5 oil and gas licence blocks. The Oil and Gas Agency of the Georgian Ministry of Energy has already received bank guarantees from the companies, EN Search Petroleum Ltd. and JSPL Oil and Natural Gas Ltd.