Georgian Oil and Gas Corporation, GOGC, together with its subsidiaries, imports and sells natural gas in Georgia. The company operates through 6 segments: Gas Supply, Pipeline Rental, Upstream Activities, Oil Transportation, Electricity Generation and Supply, and Oil Trading. It is also involved in the exploration and extraction of oil and gas; leasing of gas pipelines; sale of oil from production sharing arrangements; transportation of oil through the territory of Georgia; trading of oil; and generation and sale of electricity. GOGC manages state interest in oil production contracts on the territory of Georgia, operatis national gas transmission grid and North-South Gas Transit Pipeline, coordinates rehabilitation process of the existing oil and gas transportation infrastructure and participates in the development of the regional transit routes to fully realize energy potential of Caspian and Black Sea basins. Georgian Oil and Gas Corporation was founded in 2006 and is based in Georgia.