Georgia’s main political vectors in the South Caucasus are cooperation for peace and stability as well as maintaining good neighbourly relations with Armenia and Azerbaijan

The transfer of technical operatorship was carried out in fulfilment of the agreement between SOCAR and BP, signed in December 2013.

There has been no progress in re-uniting Georgia with either of its separatist regions, South Ossetia or Abkhazia.

Natural gas production at the major Shah Deniz gas field was 10 billion standard cubic metres (bcm) in the first half, up from around 9.4 bcm in the same period last year.

The bank’s assets amounted to 5.9 billion manats, 7.8 percent up from January-June 2020. Liabilities rose by 8.6 percent, amounting to 5.4 billion manats.