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Monday, 24 October 2016


Abkhazia to sign agreement with Rosneft

2009-08-24 11:41

Abkhazia will soon sign an agreement on oil extraction with Rosneft. The leader of Akhazia, Sergey Bagapsh, states this agreement won't threat local businesspeople. Rosneft promises fixed prices.


"They come not to harm but to help us to build a chain of modern hi-quality petrol stations", Bagapsh says.

He reminds that the Georgian authorities "took away a tanker from territorial waters in a pirates' way". "One monopolist is always fraught with threat. If steam ship line and Abkhaztorg deal with it, there will be no such problems", he says and adds that the loss of the tanker hasn't been compensated yet, but Rosneft is rendering aid.

Bagapsh believes that works on oil extraction in shelf can infringe tourism, but gives examples of other companies working in Georgian shelf, in Turkey in Black sea, in Bulgaria and Romania, near Tuapse in Russia. "And if something happens there, it won't disturb our resorts, as it's 80 kilometers [50 miles] away from us? We also will work as we also want to live, earn, get rich. If all the rest renounce work on shelf, we will as well", he claims.


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