Georgia, Petrol

Construction of a 4 million ton refinery to begin in Georgia in 2021

Construction of the first oil refinery in Georgia next to SOCAR oil terminal operating in Kulevi should begin in 2021 and be completed in three years, the Interfax reports, citing executive directo

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Georgia to continue to buy fuel from Azerbaijan. Euro 5 to be postponed for a year

Union of Petroleum Product Importers of Georgia has asked the Government to postpone switching to Euro-5 for a year, so that Azerbaijan will continue to be present on the Georgian market.

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It is planned to start construction of oil refinery in Georgia in 2021

Fasis Oil company and the international consulting company Deloitte&Touche are working on a project of an oil refinery, which is scheduled to be built on the Black Sea coast - in the village of

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Import of petroleum products to Georgia increased

In 2019, deliveries of petroleum products to Georgia increased by 5.7% compared to the previous year to 1.41 million tons, international independent pricing agency Argus informs.

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In Q1, Azerbaijan supplied over 39 thousand tons of petroleum products to Georgia

In January-March 2019, Georgia, which almost 100% meets its needs for petroleum products % due to imports, imported 232.6 thousand tons of petrol and diesel fuel, which is by 4.3% less than in the

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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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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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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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Georgia again needs the help of Azerbaijan

Georgia is still interested in the construction of the oil refinery plant at the Poti port, deputy Minister of Energy of Georgia, M. Valishvili said. According to her, the construction of the oil refinery plant is among the priority goals of Georgia. In October 2014 the Government of Georgia announced a tender in connection with the project of development of the oil refinery plant at the Poti port. 3 companies participated in the tender: New Artway Ltd, Lohrmann International and OTC Consortium. In July 2015 the tender was completed, however, all its participants were disqualified as they hadn’t submitted full documentation stipulated in the conditions of the tender.

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