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Monday, 24 October 2016


Abkhazia’s strategic project

2010-07-12 20:51

6347.jpegIn 2009, Abkhazia and Rosneft Russian company signed a Treaty on the conditions of the geological survey aimed at searching for and evaluating hydrocarbon material deposit in Gudautskiy mineral resources region located at the bottom of the Black Sea and subject to jurisdiction of the Republic of Abkhazia. Russian party obtained a license for developing a number of offshore fields, while President Sergey Bagapsh has firmly stated his "So be it!" This controversial matter was discussed with Deputy Minister of Economy of the Republic of Abkhazia Irakliy Cherkezia, oil-and-gas expert Vyacheslav Bunkov and representative of Rosneft press service Nikolay Manuilov.


"We've got enormous plans!" - head of the Russian Rosneft company Sergey Bogdanchikov stated to Minister of Economics of Abkhazia Christina Ozgan when signing the document. These plans implied the creation of two enterprises: one for the offshore oil-and-gas fields exploration and development and another one for the construction and operation of gasoline complexes in the territory of Abkhazia in cooperation with Abkhaztop state company.     The republic is facing a complicated political situation: the presence of Russians is taken by Abkhaz government as an utterly positive precedent. Moreover, Abkhazia got 49% of stock when the joint venture was established, the asset seeming to be a truly good support. Besides, any risks connected with

the presence and activity of the oil-and-gas company in the country's territory will be taken by Russian party providing the infrastructure and workplaces for the people engaged in the project.

However, some of the Abkhaz are concerned not about the fact of the Russian company's presence but about the consequences of its activity. Should Big Brother come with his oil derrick, drilling machines and modern gasoline stations, there will be no one left to sell marvelous tangerines and persimmon to: the loss of tourists is inevitable with such neighborhood. Russians also wondered why they would need Abkhazia with its shelf.

Yes, Abkhazia has given a carte blanche to the only beneficiary of the project, and the latter is sure to take every advantage of it.

However, Rosneft is now mentioning this benefit with much caution: the company is calling itself pragmatic and suggests waiting for tangible results. Well, one should think so: the major part of the oil resources is deposited 10 kilometers from the coastline, while the license allows drilling one well and there is a great probability that it will turn out to be dry:

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