Georgia Oil and Gas

Oil transit through pipelines of Georgia increased by 0.5% in 2018

In 2018, transit of oil to the world market through pipelines through the territory of Georgia amounted to 283 million barrels, which is by 0.5% more than in 2017, Georgian Oil and Gas Corporation

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Georgian Prime Minister: Georgia is not going to refuse transit of Russian gas

Georgia will continue to perform its transit function of transporting Russian natural gas to Armenia, the Georgian Prime Minister Mamuka Bakhtadze said at the briefing on Friday before the Governme

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In 2018, Azerbaijan increased gas export from Shah-Deniz field by 17%

In 2018, Azerbaijan increased gas supplies from the Shah-Deniz field to Turkey and Georgia by 17% to 8 326.8 million cubic meters, the country’s Ministry of Energy told the Interfax - Azerbai

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In 2018, SOCAR increased gas export to Georgia by 1%

In 2018, SOCAR increased gas exports to Georgia by 1.4% to 1 399.7 million cubic meters of gas, the Interfax - Azerbaijan agency was informed by the Ministry of Energy.

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In 2018, Azerbaijan kept leadership in export of diesel fuel to Georgia – 31.3% of total volume

In 2018, Georgia, which meets its needs in petroleum products by almost 100% due to imports, brought to the country 1 98.9 thousand tons of petrol and diesel fuel, which is by 0.3% more than in 201

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Azerbaijan to extend contract with Gazprom

Azerbaijan would like to extend the current contract for the purchase of Russian gas, which will expire at the end of November, until 2020.

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Gas production in Georgia may increased by 46% by 2030, Azerbaijan may remain the main supplier

Annual gas consumption in Georgia, which almost 100% meets its natural gas needs due to imports, may exceed 3.5 billion cubic meters by 2030 against the current 2.4 billion cubic meters (+46%), hea

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Russia increases export of petroleum products to Georgia

Despite the rise in prices, there is still a high demand for petrol and diesel fuel in Georgia.

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SOCAR intends to increase gas supplies to Georgia by almost 30%

In 2018, SOCAR Georgia Gas, a subsidiary of SOCAR, plans to supply 1.8 billion cubic meters of gas to Georgia, which is by 28.57% more than in 2017.

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