July 2, 2001 - 22:37 AMT
CANADIANS SEARCH FOR OIL IN GEORGIA
. Canadian Oil Company "Indusmin energy" has proceeded to research work conducting in two geologic blocks in Imeretia. The seismic researches conducted by this company has given encouraging information about oil reserve. According to CNA information, "Indusmin Energy" has already invested more than $35 million in oil field development in Imeretia. An oil well was drilled, from which 160-170 tons of oil have been mined daily since 1995.