Law of Georgia on Legal Principles for the Construction, Operation, Maintenance, Repair and Exploitation of Certain Oil Transportation Facilities in the Territory of Georgia and for the Import, Transport, Storage and Export of Oil Through Such Facilities (No. 182–IIS of 1996)

The Law provides for the legal principles for the construction, operation, maintenance, repair and exploitation of certain oil transportation facilities in the territory of Georgia and for the import, transport, storage and export of oil through such facilities. The Law states that the executive authorities of Georgia, the Government of the Republic of Azerbaijan, the Georgian International Oil Corporation and the oil companies specified in Article 1(2), have concluded several agreements with regard to the project on the construction, operation, maintenance, repair and exploitation of certain oil transportation facilities and on the extraction, supply, import, pumping, storage, management, marketing, sale and export of oil through such facilities within, via or from the territory of Georgia (‘the Project’). The Project envisages the implementation of all actions by legislative and executive bodies, which are required for the entry into force of the Intergovernmental Agreement, the Host Government Agreement and the Pipeline Construction and Operation Agreement (‘the Project-related Agreements’), set out in Article 1 of this Law.