Azerbaijan’s 2008 target for total oil extraction is 50 million tons, President Ilham Aliyev recently announced at a Turkish-Azerbaijani business forum.
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Georgia’s energy resources pale in comparison to the barrels of wealth Baku pulls out of the ground each day, but there are still five companies extracting oil from 11 oil wells within the country.
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Since Russia imposed a blanket trade embargo on Georgia last year, trade between the two states has been largely one-sided: Georgia no longer benefits from the Russian export market, although it remains dependent on Russian energy supplies.
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“Georgian refugees in France publish report on political situation in Georgia”
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