Posted in: commodities-and-mining
RE: Frontera Archive16 Jun 2020 03:55
Posted by DomFok on the 4th June :-
“Frontera" addresses Giorgi Gakharia with a letter
https://1tv.ge/news/frontera-giorgi-gakharias-werilit-mimartavs/
The company "Frontera" addresses a letter to the Prime Minister of Georgia Giorgi Gakharia.
According to the letter, the business environment in Georgia has deteriorated.
"Dear Prime Minister Gakharia,
You respectfully write that, like other American companies, we are witnessing a deterioration in the investment and business environment in the country, which does not recognize the rule of law and uses the court as a weapon, preferring to seize the state instead of partnering with American investment .
Since 2013, we have seen growing anti-American sentiment, as well as discriminatory attitudes toward important American investments and American NGOs, the systematic collapse of the free economic market. As a result, Georgia has moved to a Russian-style kleptocracy that is only disguised as a sharer in American democratic values ??and a free market. This "political notion" is intended only to obtain continued US assistance from the US government. This farce must end.
Please note:
Russian energy giant Rosneft entered Georgia in 2013 and has been operating unpunished since, despite US sanctions and violations of Georgian law. Rosneft was given the right to be strategically located in the port of Poti, in the structures of oil trading and fuel distribution. In the same year, an arbitrary attempt to terminate the contract was initiated against our company, which was later declared illegal by the Arbitration Court. Why?
Favorable conditions for natural gas imports were given to Gazprom and SOCAR, the Georgian government was negotiating with the Iranian government on gas imports. At the same time, Frontera 's efforts to exploit the gas field in eastern Georgia, which could have provided cheaper and more competitive gas to Georgian consumers, have been repeatedly challenged by the state, disinformation and expropriation of state media . Why?
In 2016, China's CEFC was given a 75 percent controlling stake in the Poti Strategic Free Economic Zone. You have personally traveled to China to sign a contract. However, the company has failed to meet its $ 150 million investment commitment, which has resulted in neither fines nor public criticism. You have publicly referred to Frontera as an "unscrupulous company" and that was when Frontera invested more than $ 500 million in Georgia, despite a commitment of only $ 18 million. He also discovered the oil and gas reserves that will make Georgia energy-independent . Why?
In 2017, at the Georgia-Iran Business Forum in Tbilisi, you announced a 657 percent increase in Iranian investment in Georgia. In the same year, your government launched an arbitration dispute against the largest American investor in Georgia, Frontera , in order to cancel the contract. Why?