SOCAR purchases Itera-Georgia

Baku, November 1 (AzerTAc). The State Oil Company of Azerbaijan (SOCAR) has acquired Itera-Georgia operating in selling and distributing of natural gas in Georgia, said SOCAR President Rovnag Abdullayev. He noted that SOCAR in 2010 audited ITERA-GEORGIA in order to determine levels of investment, the possible profit, tax, and only then acquired shares of the company. Now SOCAR covers the existing gas network in entire Georgia, except Tbilisi.