VOL. XLII

No. 37

13-September-1999

FSU

Georgia Plans New Black Sea Terminal For Turkmen Oil

Georgian President Eduard Shevardnadze has approved plansfor the construction of a new oil terminal on Georgia痴 Black Sea coast nearKulevi, some 15 kms. north of Poti, by a joint venture between Argomar Oil ofAustria and the Georgian Railway Company. The joint venture is to be called theTerminal-2000 company and will act as project operator. The plan calls forTurkmen crude oil to be transported across the...