Home / Tag Archives: Oil

Tag Archives: Oil

Transportation of Oil and Oil Products Declines in Georgian Corridor

Transportation of oil and oil products through Georgian corridor has fallen to minimum. Paata Tsagareishvili, founder of Transport Corridor Research Centre and the HUB Georgia expert told BM.GE that all three seaports of Georgia (Batumi, Poti, Kulevi) handled 31% less oil and oil products in January-October, as compared to the …

Read More »

Germany will Build Energy Terminal to Reduce Dependence on Russia

‘We cannot suspend cooperation with Russia in the field of oil and gas”, Chancellor of Germany Angela Merkel noted at her meeting with Georgian Students at Tbilisi State University. Today, Russia supplies cheaper natural gas compared to other countries, Merkel said. “We keep economic relations with Russia for tens of …

Read More »

Georgia Exported 83.5 Thousand Tons of Oil Products within 5 Months

Georgia exported 83.5 thousand tons of oil and oil products in the 5 months of current year. Georgia’s oil tariffs are quite low and the biggest share of export comes to re-export. Import of oil products significantly exceeds its exports. In particular, according to Geostat data, in January-May, Georgia imported …

Read More »

Socar Buys New Gas Pipeline Networks in Georgia

SOCAR Increases Share in its Georgian Subsidiary

SOCAR Georgia Gas, a subsidiary of Azerbaijan’s state oil company SOCAR, has acquired gas pipelines in a number of Georgian districts with a total length of 594,000 running meters, according to the order published on the official website of Georgia’s government. The gas pipelines have been transferred to the company …

Read More »

SOCAR Exports More than 219,000 Tons of Oil Products to Georgia

Azerbaijan exported to Georgia more than 219,336 tons of oil products in 2017, azernews reports. Moreover, 2.203 billion cubic meters of natural gas were transported from Azerbaijan to Georgia, according to SOCAR Energy Georgia. SOCAR Energy Georgia was established in 2006. In the Georgian market SOCAR carries out wholesale and …

Read More »

Oil Shipments from Georgia’s Batumi Port Down 34%

Oil and related shipments from Georgia’s Black Sea port of Batumi in January were down 34 percent from a year earlier, an official at the terminal, operated by Kazakh KazMunaiGas, told Reuters. The official gave no reason for the fall, but state company KazMunaiGas continued to reroute some shipments to …

Read More »

SOCAR Discloses Volumes of Gas Export to Georgia and Turkey

By Maksim Tsurkov – Trend: Since the beginning of operation in 2006, 86 billion cubic meters of gas and 21.5 million tons of condensate have been extracted from Azerbaijan’s Shah Deniz biggest gas field, Alakbar Abbasov, adviser to the first vice president of Azerbaijan’s state oil company SOCAR, said. Abbasov …

Read More »

V.F. Tanker Ltd. Continues to Transport Turkmen Crude oil to Iran

V.F. Tanker Ltd. Continues to Transport Turkmen Crude oil to Iran

The Russian-flag vessels “VF Tanker-20”, “VF Tanker-13” and “VF Tanker-8” belonging to “V.F. Tanker Ltd” continue to transport Turkmen crude oil to Iran for the companies “Dragon Oil” and “ENOC”. Earlier this month four cargoes of Turkmen crude oil produced by Dragon Oil were delivered to the Iranian port of …

Read More »

ENOC Continues to Supply Crude Oil to Iran Despite Sanctions

ENOC Continues to Supply Crude Oil to Iran Despite Sanctions

Despite the sanctions, the companies Dragon Oil and ENOC shipped the next crude oil cargo to Iran. At the end of July, the same vessel VF Tanker-20, carried crude oil produced by Dragon Oil, arrived on roads of Baku port, Azerbaijan. However, after one week delay, caused by detection of …

Read More »

Oil Shipments From Georgia’s Batumi Port Fall 33 pct in Jan-July

Oil Shipments From Georgia's Batumi Port Fall 33 pct in Jan-July

Oil and related shipments from Georgia’s Black Sea port of Batumi fell 32.8 percent in January-July of 2017 from a year earlier, a senior official at the terminal, operated by Kazakh state firm KazMunaiGas, said on Thursday. The official gave no reason for the fall, but KazMunaiGas has rerouted some …

Read More »