George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Hi all, a new article has appeared that mentions Frontera. I can’t translate it at the moment.
http://www.resonancedaily.com/mobile/index.php?id_rub=3&id_artc=174864
Interesting, cheers bugs. Bought some more Block this morning. That’s it now, no more on AIM !!
Could it be cheap russian oil Bugsy ?
Why did Georgia switch to Russian oil?
December 28, 2022 at 8:53 pm
Despite the start of a full-scale war against Ukraine by the Russian Federation, the economic ties between Georgia and Russia are deepening more and more. In January-October of this year, the trade turnover increased by 50%, namely to 1.94 billion dollars.
The largest share in the total volume of imports of Russian resources comes from gasoline and diesel, in particular, in January-October oil products worth 495 million dollars entered Georgia from Russia, which is 375% more than the previous year's data.
In total, in January-October, oil and oil products worth 1.13 billion dollars were imported into Georgia, almost 43% of which came from Russian oil.
As for the period immediately after the start of the war, in March-October, oil worth 973 million dollars entered Georgia from abroad, and 48% of the volume comes from Russian oil. For comparison, at the beginning of the year, the share of Russian oil in the total volume of imports was 16%.
It is significant that in the past Georgia used to buy the largest part of oil from Romania and Bulgaria, but this year the situation has changed dramatically.
The sharp increase in demand for Russian oil is due to a simple reason - it is currently traded at the cheapest price on the international exchange.
The fact is that Russian Urals oil is traded 20-25% cheaper on the exchange than Brent. According to current data, the average price of a barrel of Brent is 87 dollars, the price of WTI Crude is within 80 dollars, and the price of Russian Urals is 70 dollars.
Observation of historical data shows that the price difference between Urals and Brent per barrel was traditionally in the range of 1-2 dollars, however, after the start of the war, this range increased to 20-35 dollars, which indicates that Russian oil is sold at a kind of discount on the international market.
As you know, the prices on the energy market are determined by demand-supply factors, and in this case, the variable factor is the demand, which is sharply decreasing for Russian oil in the West, while the price for Urals is decreasing, if the supply remains unchanged.
The decrease in the demand for Russian oil in the West is due to a number of factors, but the most important among them are the European Union sanctions. According to the decision of the member states, with the sixth package of sanctions, a partial embargo was imposed on Russian oil, which will completely limit the import of Russian oil by tankers by the end of the year, and in 2023, the restriction will also be extended to pipelines and oil products. In addition, the "Big Seven" countries are currently working on an initiative to impose a price limit on Russian oil.
Despite all this, it should be emphasized that Russian oil is not an internationally sanctioned product, which is why the demand for it in China, India and, among others, Georgia
Date. : 26/12/2022 10:50
Judge : Lela Mildenberger
Parties : Giorgi Kishmaria, Oil and Gas Agency, Frontier Resources Georgia Corporation, Branch of Frontier Resources Georgia Corporation in Georgia
hall : 55
https://tcc.court.ge/ka/Sessions
Sounds very promising Jim, thanks for sharing.
It’s been a while since we’ve had a (negative) article…..
20 December 2022, 21:17
Sozar Subari: Lobbying has become an inescapable scourge of Western democracy, a legalized face of corruption, in which billions of euros are spent - what used to be called bribery, is now called lobbying.
Sozar Subari
Photo: Government Administration
According to Sozar Subari, one of the leaders of the "People's Power" movement, lobbying is the hardest part of Western democracy, in which a lot of money is spent today.
"Lobbyism has become the heaviest obstacle in Western democracy today, which practically leaves no room for democracy. Democracy is when the people are the source of power, and the elected government serves the people. When lobbyists spend billions of dollars lobbying for their bills, there is no democracy. Practically, politics and democracy have moved into trade, and in trade, naturally, the one who has more money and will spend more wins. Therefore, it is the most difficult challenge for Western democracy. This applies to the USA, Europe, the European Union and individual European states. As if the solution was found that since it is very difficult to fight corruption and bribery, it was legalized, which gave us a very heavy result. In the West, not a few tens of thousands, but several hundreds of thousands of lobbyists are working, trying to influence politics - there is no more room for politics. It affects a lot of things. For example, we can see the direct effect of this in the statements of the MEPs about Georgia, in the resolutions of the European Parliament regarding Georgia, which have nothing to do with reality - we can see that this is a lie, even on the surface. We have repeatedly seen the direct connection of this in the statements of the American congressmen regarding the company "Frontera", who openly received money from "Frontera" and said that the Georgian government was interfering with the activities of "Frontera". At that time, "Frontera" was operating in Georgia for 25 years, and it did nothing either for oil exploration or for the development of the Georgian economy. Basically, all his work was really this - he had very powerful lobbyists in the West. It was through the influence of these lobbyists that he tried to influence the government of Georgia in such a way that his contract was constantly extended, although he did not fulfill the terms of the contract. What did we get in the end? - This company had spent about a million dollars on lobbyists alone, and it owed more than a million dollars to Georgian employees, to whom it did not pay salaries. I will not go further - that the founders of "Frontera" were also high-ranking officials of American politics at the time. This further strengthens the suspicions that lobbying played a serious role in the slanderous campaign against Georgia regarding this particular company," said Sozar Subar.
https://imedinews.ge/ge/politika/275111/sozar-
Same company Coggy, I’ve seen it spelt that way after translation a few times in the past.
Date : 20/12/2022 17:00
Judge : Lela Mildenberger
Parties : Giorgi Kishmaria, Oil and Gas Agency, Frontier Resources Georgia Corporation, Branch of Frontier Resources Georgia Corporation in Georgia
hall : 33
I’m amazed that out of all the people that post on here they choose Looed to have a go at. Unbelievable.
Date : 07/11/2022 16:30
Judge : Gotcha Didava
Parties : Gvantsa Kikabidze, Merab Ghilava, Nikoloz Mamulaishvili, Frontier Resources Georgia Corporation branch in Georgia
hall : 46
theprodigy - I don’t know, there’s no more details.
Date : 05/10/2022 15:30
Judge : Tamar Burjanadze
Parties : Arkady Paruniani, Paata Lomadze, JSC Insurance Company GP I Holding, LLC Frontera Eastern Georgia
hall : 63
https://tcc.court.ge/ka/Sessions
Hi WHamBoy.
No nothing, you’d think the company would give us a little hint somehow to keep our interests up after all the hours we’ve put in searching.
Could be interesting but unfortunately the interview is in Georgian.
At the head office of BP in London - Tatia Julakidze
June 27, 2022
Tatia Julakidze, the author of the podcast "Shin-utskhoteti", tells Okropir Rukhadze in London, BP's senior manager of business development in the European region, about the talent of curiosity, about Georgia's energy independence, about how to tell Georgian fairy tales to her little girl in the English world.
Tatia Julakidze in London. BP - Energy Independence of Georgia
https://www.radiotavisupleba.ge/a/31917204.html
Date : 04/07/2022 11:00
Judge : Tamar Lakerbaia
Parties : Givi Bakhtadze, JSC Georgian Oil and Gas Corporation, Frontera Resources Georgia Corporation
hall : 54
Date:20/06/2022 12:00
Judge:Ekaterine Eliadze
Parties:Gvantsa Kikabidze, Giorgi Tsadzikidze, Nikoloz Mamulaishvili, JSC Bank of Georgia
Hall:55
Happy birthday Bugsy all the best, one day eh….
Date : 06/06/2022 11:00
Judge : Irina Gogoladze
Parties: LEPL Revenue Service Audit Department, Green Capital Ltd.
Hall : 32
Not sure if this is the same Green Capital but looks like the tax man is after them..
Date: 23/05/2022 12:00
Judge: Irina Gogoladze
Parties: LEPL Revenue Service, Green Capital Ltd.
Hall:32
Kremlin on high alert as coup rumours grow in Moscow: Disgruntled generals join FSB looking to oust Putin and end Ukraine war
https://t.co/2o3aFCuiYS