The oil company "Eco-Georgia" abandons the plans for the retail network development on the Georgian market.

"Eco-Georgia's Executive Director Levan Akhvlediani states commersant.ge that the company has fundamentally studied the fuel market and considers launching petrol stations inappropriate.

 Akhvlediani explains that the local market is very saturated in this direction and the new player's appearance will not be effective. "Accordingly, the company does not consider the opening of  petrol stations at this stage ", - he notes.

"Eco-Georgia" presented the 3-year development plan yet last year, which  included the opening of  80-100 petrol stations both in Tbilisi and in the regions. The company planned to open petrol stations in Armenia as well. The company intended to focus on import of high-quality, premium class fuel  which cost would be relatively expensive compared with other European fuel.