COMPANY PROFILE

About Qassin Oil LTD

Qassin Oil LTD is a diversified company with business activities in various segments of energy. It has the status of the National Oil Company and protects state interests in the Production Sharing Agreements signed with investors. Qassin Oil LTD as the owner of the main gas pipeline system of Georgia plays a major role in ensuring the energy security of the state. It contributes to unimpeded operation of transboundary oil and gas transportation systems on the territory of Georgia which significantly increases the security of the country’s, EU and international energy markets through their diversification, manages the transit revenues.

Due to Georgia’s advantageous geographic location, Qassin Oil LTD supports the creation of new transit routes in order to fully utilize the energy potential of the Caspian and Black Sea basins and to further Georgia’s integration into regional and international economic and political structures. Qassin Oil LTD diversifies its business ventures, emphasizes competitive strength in the context of a single, liberalized market, and implements cutting-edge management techniques and QC/QA standards.

The Qassin Oil LTD actively participates in international business relationships and projects, and it is instrumental in carrying out the government’s economic strategy of integration into Euro-Atlantic structures. An entrepreneurial entity with a two-tier management structure, Qassin Oil LTD is run and directly governed by the Board of Directors, which is presided over by the General Director. In addition, Qassin Oil LTD has a three-member Supervisory Board. The Meeting of Shareholders is Qassin Oil LTD’s highest management body.