Construction
The Kulevi Oil Terminal project was originally authorised by president Shevardnadze's decree on September 8, 1999. Subsequently, the construction began near the village of Kulevi by Terminal 2000 Ltd, a partnership created between Argomar Oil Ltd and Georgian Railway. In late 2002 though, the project was put on hold, due to environmental concerns and insufficient funds. Construction resumed in September 2004 under an international consortium of investors led by a Georgian business tycoon Badri Patarkatsishvili. Two years later Badri Patarkatsishvili sold his stake in Kulevi Terminal, then still under construction, to the State Oil Company of Azerbaijan (SOCAR) for an undisclosed sum of money.
The terminal was complete by November 2007 and was officially opened on 16 May 2008.
Read more about this topic: Kulevi Oil Terminal
Famous quotes containing the word construction:
“When the leaders choose to make themselves bidders at an auction of popularity, their talents, in the construction of the state, will be of no service. They will become flatterers instead of legislators; the instruments, not the guides, of the people.”
—Edmund Burke (1729–1797)
“The construction of life is at present in the power of facts far more than convictions.”
—Walter Benjamin (1892–1940)
“No real “vital” character in fiction is altogether a conscious construction of the author. On the contrary, it may be a sort of parasitic growth upon the author’s personality, developing by internal necessity as much as by external addition.”
—T.S. (Thomas Stearns)