Abkhazia Seeks Agreement on Oil Exploitation with Russia

President of breakaway Abkhazia said on September 16 that Abkhazia is negotiating with a number of Russian oil companies over exploitation of the oil field on the Abkhazia?s Black Sea coast.   

?Abkhazia has serious oil reserves,? Interfax news agency quotes Abkhaz leader as saying.
 
He said that the oil field is located 9-10 kilometers away from the coast. ?I think next spring the talks with the Russian companies will enter a decisive stage,? Bagapsh added.

This post is also available in: ქართული (Georgian) Русский (Russian)