Georgia's sole oil refinery to halt processing of Russian crude amid EU sanctions
By
Abbey Fenbert
1d ago· 2 min readenNews
Summary
Georgia's only major oil refinery, the Kulevi facility operated by Black Sea Petroleum (BSP), will stop processing Russian crude oil starting August–September 2024. The decision is driven by tightening EU sanctions on Russian oil revenues and a strategic move to gain better access to other energy markets. This marks a significant shift for the facility, which has been a key processor of Russian crude in the region.
Source
bskyGeorgia's sole oil refinery to halt processing of Russian crude amid EU sanctionskyivindependent.comKey quotes
· 3 pulledBlack Sea Petroleum (BSP), which operates the Kulevi oil refinery on the Georgian coast, said the facility would no longer process Russian crude oil in order to have greater access to other energy markets.
Starting from August–September of this year, the refinery will stop accepting Russian oil.
The announcement comes amid tightening sanctions from the European Union on Russian oil revenues.
Black Sea Petroleum (BSP), which operates the Kulevi oil refinery on the Georgian coast, said the facility would no longer process Russian crude oil in order to have greater access to other markets.
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