Georgia
SUBSIDIAIRY NAME | COUNTRY | SECTOR/INDUSTRY | OWNERSHIP % | ACQUISITION DATE | ACQUISITION VALUATION | TOTAL ASSET VALUATION |
---|---|---|---|---|---|---|
OIL | GEORGIA (EUROPE) | OIL | 65% IIB-DG | JANUARY 16TH 2021 | 1.5 BILLION USD | 15 BILLION USD |
ENERGY, OIL REFINERY, and GAS
PHASIS OIL LLC: IIB-DG acquired Phasis Oil LLC on January 16, 2021, for the purposes of Construction and Commissioning of a “New 94,500 barrels per day crude oil refinery in Georgia at the black sea, which will have a knock-on effect on the economy of the country and creation of employment.