14.Oct .2020 17:45

GOGC Calls for Auction

GOGC Calls for Auction
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GEORGIAN OIL AND GAS CORPORATION JSC is announcing an Auction for the sale of up to 12 000 tons of Crude Oil. The estimated amount of Georgian Light type oil is up to 9 000 tons. The estimated amount of Georgian Heavy type oil is up to 3 000 tons.

Interested bidders shall, in advance, deposit USD 50000 or equivalent in the national currency of Georgia using the official exchange rate published by the National Bank of Georgia on the day deposit is made) on the Corporation’s bank account or submit to Corporation an irrevocable and unconditional bank guarantee, counter-guarantee or LC issued for the above amount by the banking institution, which shall be valid during 90 calendar days from the date of the Auction – participation terms include: