Georgia

Georgia actively looks for new oil deposits

Head of the Georgian Oil and Gas Corporation Georgy Tatishvili has made a statement that new deposits of crude oil will be discovered in the country in the foreseeable future.

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Georgia sells almost 600 thousand meters of gas pipelines to SOCAR’s subsidiary for $9.5 mln

SOCAR Georgia Gas, a subsidiary of the state-owned oil company of Azerbaijan SOCAR, has acquired ownership of gas pipelines in a number of regions of Georgia with a total length of 594 thousand run

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Oil transportation via BTC in increased slightly in H1 2018

The volume of oil pumping through the Baku-Tbilisi-Ceyhan (BTC) pipeline in the first half of 2018 amounted to 16 million 552 thousand tons, which is 0.4% higher than the same period of 2017, Inter

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In June 2018, import of oil products to Georgia grew by 1.9 thousand tons

In June 2018, the largest volume of petrol and diesel fuel imports in Georgia was carried out from Turkmenistan - 21.1 thousand tons, which is 24.3% of all imports.

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State Oil Company of Azerbaijan increases its stake in SOCAR Energy Georgia to 75.5%

SOCAR (State Oil Company of Azerbaijan Republic) increased its share in the Georgian subsidiary SOCAR Energy Georgia to 75.51%, SOCAR said in its annual report for 2017.

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Baku announces possibility of transportation of from Turkmenistan, Iran and Iraq via TANAP

Azerbaijan believes that transporting gas from Turkmenistan, Iraq and Iran via the Transanatolian gas pipeline (TANAP) may be considered in the future.

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In Q1, Azerbaijan increased export of electricity 8 times, import fell by 18%

In the first quarter of 2018, Azerbaijan exported 700 236.39 thousand kWh to the amount of $33 907.7 thousand, the Interfax-Azerbaijan was informed in the Government.

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Georgia reduces forecast of electricity import in 2018

The Ministry of Economy and Sustainable Development of Georgia, which since the beginning of this year also carries out functions and powers of the Ministry of Energy, has made adjustments to the c

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Abkhazia may face energy shortage. Russia and Georgia no longer ready to cover it

The stopping of the Inguri hydro power plant for a long-term repair in early 2019 could lead to the de-energization of Abkhazia.

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