Tot ii23 Oct 2018 23:43
Whilst the Zaza interview was very refreshing the most significant thing for me was the statement in the news item that “According to Giorgi Tatishvili, Head of State Oil and Gas Agency, it is very important to cooperate with one of the largest companies in the world.”
Now Western Georgia is not part of the prolific Kura basin and to the best of my knowledge is largely unexplored, so I would imagine that Exxon have agreed to have a gander at that area to sweeten the deal on Block XII with the Georgian state agencies, and what Tatishvili is actually doing is preparing his political masters (and perhaps the Georgian public) for a major about face insofar as he has been highly dismissive of Frontera’s efforts in the past and extremely sceptical about the commercial viabiity of Block XII. Then there’s the ‘arbitration’ which still has no internet footprint in any formal sense. Is Giorgi therefore preparing the ground for a stand down perhaps, and is that why his boss Davit Tvalabeishvili, the Director General of the GOGC, has been shunted off into a new position as as the head of the Georgian State Electrosystem?
Answers on a postcard please…