Violations in Georgian Energy Corporation

Violations in Georgian Energy Corporation December 4, 2017Leave a comment

LLC Georgian Coal and oil Corporation (GOGC) began below the March 21, 2006 decree of Minister of Economic Development.

The state co-participation ratio from the enterprise made-up 100%. LLC Georgian Gas and oil Corporation became an assignee of JSC Georgian Gas International Corporation and JSC Georgian Oil International Corporation.

Before 2010, LEPL Enterprise Management Agency, an appearance under control over Secretary of state for Economy, familiar with perform commissions on the corporation partner.

In 2010 amendments were created for the president\’s decree and 76% on the corporation were transmitted to Ministry of Energy under management rights. Based on the above-mentioned, on September 21, 2011, changes were made to agreement on transmission of shares and stakes under management right. The document was signed by Ministry of Economy and Secretary of state for Energy. Under government resolution,? 100% of corporation shares were given to the administrative centre of JSC Partnership Fund.

In 2012, 2013 and 2014 tag heuer has received 1 201 747 685 GEL revenues, including operating incomes marked 988 320 290 GEL and nonoperating revenues made-up 213 427 395 GEL. Salaries of directors general and financial, commercial and technical managers in 2012 was 13 200, 10 200 and 9 000 GEL, in 2013 – 12 500, 10 200 and 9000 GEL plus in 2014

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