Georgian International Oil Corporation President: Giorgi Chanturia and Executive Director: Giorgi Vashakmadze, Tel: (99532) 935694 (99532) 998418, Fax: (99532) 935744

C -- FEASIBILITY STUDY FOR THE SUPSA, GEORGIA OIL REFINERY POC Carol Stillwell, USTDA, Room 309, SA-16, Washington, D.C. 20523-1602, Tel: (703) 875-4357, Fax No.: (703) 875-4009 Georgian International Oil Corporation (GIOC) invites the submissionof qualification and proposal data (collectively referred to as the'Proposal') from interested U. S. firms which are qualified on the basis of experience and performance to perform a feasibility study for the Supsa Oil Refinery. This proposed 2,000,000 TPY modularized refinery will be located at Supsa, Georgia, on the Black Sea coast adjacent to the proposed location of the Azerbaijan Intemational Oil Company (AIOC) "early oil" export terminal facility. The refinery will purchase crude oil from Georgian, Azerbaijanian, and other NIS suppliers and sell refined products into the European, Turkish, NIS, and Mediterranean markets. It is expected that a U.S. consortium, led by the successful firm, will form a jointly-owned company with GIOC, who will be a minority owner. The Feasibility Study will result in a Technical Feasibility Report, including a preliminary Environmental Assessment, and a Bankable Document which can be used as a basis for loan applications and agreements for financing with investors, commercial banks, and institutional lenders. A detailed Request for Proposal (RFP) package including: instruction to bidders; detailed terms of reference; detailed evaluation criteria and a background Definitional Mission Report is available from TDA at Room 309, SA16, Washington, DC 205231621. Requests for the RFP should be faxed to: IRC, TDA at (703)8754009. In the fax, please include your firm's name, contact person, address, and telephone and fax numbers. Please check your internal fax verification receipt. Because of the large number of RFP requests, TDA cannot respond to requests for fax verification. Requests for RFP's received before 4:00 PM will be mailed the same day. Requests received after 4:00 PM will be mailed the following day. Please check with your courier and/or mail room before calling TDA. Some firms have found that RFP materials sent by U. S . mail do not reach them in time for preparation of an adequate response. Firms that want TDA to use an overnight delivery service should include the name of your delivery service and your firm's account number in the request for the RFP. Firms that want to send a courier to TDA to retrieve the RFP should allow one hour after faxing the request to TDA before scheduling a pickup. Please note that no telephone requests for the RFP will be honored. The selected U. S. firm will be paid in U.S. dollars from a $546,000 USD grant to GIOC by USTDA. Proposals will be due by 3:00 p.m. on March 26, 1997. Only U.S. firms may bid on this TDA-financed activity. All goods and services to be provided by the selected firm and its subcontractors (if any) must have their nationality, source, and origin in the United States or Georgia. In no case shall goods or services having their nationality, source, or origin in Georgia exceed twenty percent (20%) of the amount of the grant funding provided by USTDA. Before scoring, proposals will be evaluated against threshold requirements. If a proposal does not demonstrate that the Offeror has the necessary qualifications to undertake all phases of the project, the proposal will not be considered further. Threshold criteria will include: (1) the qualifications and experience of the Offeror and Offeror's proposed key personnel to perform the Feasibility Study and subsequent phases of the project which may include project financing, engineering, procurement, fabrication, construction, and operations; (2) Offeror's relevant experience in refining, modularization, project financing, environmental assessments and working in the NIS. Proposals which meet the threshold requirements will then be scored according to the following criteria: (I) the ability of the Offeror and/or equity partners to assemble sufficient capital to satisfy lender requirements. -- (40%); (2) Offeror's Financing Plan -- (20%); (3) Offeror's Feasibility Study Work Plan -- (20%); (4) Offeror's Project Development Work Plan for phases which will follow the Feasibility Study Phase. -- (20%) Price will not be a factor in the selection, and, therefore, economic Proposals should NOT be submitted. GIOC reserves the right to reject any and/or all Proposals. GIOC also reserves the right to contract with the selected firm for subsequent work related to the project. GIOC is not bound to pay for any costs associated with the preparation and submission of the Proposal documents. Firms agree by their response to this announcement to abide by the procedures established for the procurement. (0037)

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