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
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