“There has never been a conversation that KazTransGas may request a refund of investments the company made,” the Minister of Economy of Georgia Dimitri Kumsiashvili.
Kumsiashvili’s comment followed in response to the Kazakh side’s unexpected statement about a compensation for damages if the parties fail to agree on the company’s return to the Kazakh management. The refund is said to be no less than the amount of investments made by the company.
“Of course, the parties have the right to have different positions, but all this must be resolved through negotiations. We have never spoken about the recovery of the investment, and the issue was not raised at all,” the Minister notes.
The Kazakh side’s claims were also unexpected for Minister of Energy Kakha Kaladze.
“I am sincerely surprised by these claims against us because now we are in talks. I have repeatedly said that the Department of Energy is not against the return of KazTransGas-Tbilisi to the Kazakh management, but there were some problems with the Ministry of Finance. We are holding negotiations on this issue,” the Minister explained.