Georgian Energy Minister Kakha Kaladze and State Oil Company of Azerbaijan Republic (SOCAR) President Rovnag Abdullayev have opened the first SOCAR fuel service station in Tbilisi.
Mr. Abdullayev also announced that approximately 20 combined fuel service stations will be built in Georgia this year.
"We are actively building a filling station in Georgia," said Abdullayev. "It will open in the future. Moreover, we are making innovations." The organisation's website notes that $149.7m was invested by SOCAR Georgia Petroleum in to the development of the Georgian wholesale market between 2006 and 2012.
According to the report, SOCAR Georgia Petroleum also brought the total number of SOCAR's fuel service stations in Georgia to the 100 mark, with eight of the stations opening in 2012.
In addition to this, SOCAR's subsidiaries in Georgia imported 383,440 tons of oil products to the Georgian market in 2012, of which 328,435 tons were Azerbaijan produced.
The SOCAR subsidiaries' tax deductions in Georgia to the state budget in 2012 amounted to 269.514 million Lari.