http://www.businessweek.com/news/2012-11-01/azeri-state-oil-company-buys-georgian-gas-distributor-apa-says

Bloomberg News

Azeri State Oil Company Buys Georgian Gas Distributor, APA Says

November 01, 2012

State Oil Co. of Azerbaijan agreed to buy natural-gas distributor Itera Georgia, the APA news service reported, citing Socar President Rovnaq Abdullayev.

The purchase makes Socar the sole gas distributor in Georgia except in the capital, Tbilisi, Abdullayev said in the Azeri capital, Baku, according to APA. He didn’t disclose terms.

Georgia, a Black Sea nation bordering Azerbaijan and Russia, buys gas from both countries.

To contact the reporter on this story: Zulfugar Agayev in Baku at zagayev@bloomberg.net

To contact the editor responsible for this story: Hellmuth Tromm at htromm@bloomberg.net


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