GEORGIA
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OMV Petrom Set to Withdraw from Georgia
OMV Petrom announced in its quarterly financial report it will withdraw from Georgia, a country where it signed a production sharing contract for the offshore Block II in the exclusive economic zone of Georgian Black Sea.
Rompetrol Opens Filling Station in Georgia
KMG International recently opened a new Rompetrol filling station in Georgia, in the Borjomi municipality, in line with the new concept of filling stations in Romania, Moldova and Bulgaria.
OMV Petrom Continues Expansion, Wins Bid for Black Sea Offshore License in Georgia
OMV Petrom, the largest energy company in South-Eastern Europe, has won an international open bid for the Black Sea block II license in Georgia, covering some 5,282 square km, the company co...
Florin Radulescu Leaves Stalinskaya For PepsiCo’s Georgian Operation
Florin Radulescu, the executive who has run Prodal’94, the maker of the Stalinskaya vodka, in the past nine years, is leaving the company for a managing director position at PepsiCo’s bottle...
Astra OKs Insurer Setup In Georgia
The shareholders of Romanian insurer Astra (ATRA.RO) decided to set up an insurance-reinsurance company in Georgia and to contribute to its capital, the company said in a statement sent to t...
Insurer Astra Eyes Georgian Market, Worth EUR140M In 2011
The shareholders of Romanian insurer Astra (ATRA.RO) on July 2 will discuss setting up an insurance-reinsurance company in Georgia and contributing to its capital.
Rompetrol Extends Georgian Gas Station Network To 68 Units
Romania’s second largest oil group Rompetrol has opened three new gas stations in Georgia, bringing its local network to 68 units, the group said Thursday.