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. Last Updated: 07/27/2016

Georgia Eyes Oil Field

TBILISI () -- Georgia has high hopes that a recently discovered gas field will ease its severe energy shortage, President Eduard Shevardnadze said Monday. "It is too early to speak in terms of figures -- the estimates I heard are so astronomical that I dare not repeat them without checking,'' he said in his weekly interview on state radio.

Gas from just one well on the Varkitili field on the outskirts of the capital would supply one-fifth of Tbilisi's fuel needs, said Mayor Adri Hoshitaishvili .