The quantity of oil shipped through Georgia to Turkey declined to 132.6 million barrels from January to August this year, down from 146.8 million barrels the same period last year.

The village is at least 500 years old. By having it built so high in the mountains, its first residents wanted it to be as hard to reach as possible. The remoteness was supposed to keep invaders at bay.

Revenues from the operations of oil trunk pipelines, including the Baku-Tbilisi-Ceyhan, amounted to 633.3 million manats, while income from the operations of the main gas pipelines rose by 49 percent year-on-year to 873.1 million manats.

The Zafar deposit is estimated to contain 51,000 tonnes of copper, 82,000 ounces of gold, and 40,000 tonnes of zinc.

Lenders reported a fall in total net profit of 4.5 percent year-on-year of 408.9 million manats ($240.5 million) in the period from January to July  2021, but an increase from the 366.3 million manats reported a month earlier.

The volume of gas exported through the SGC rose to 9.775 billion cubic metres (bcm) in the first seven months of 2021.