Georgia Oil and Gas

Azerbaijani gas exports from Shah-Deniz field increased by almost 20% in the first half of the year

In January-June 2020, the Azerbaijani gas export from the Shah-Deniz field amounted to 5 831.2 million cubic meters, which is by 19.2% more than in

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Azerbaijan provided about 18% of imports of petrol and diesel fuel to Georgia in the first half of the year

Georgia, which meets almost 100% of its needs for petroleum products due to imports, imported 497.9 thousand tons of petrol and diesel fuel in Janu

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State oil company of Azerbaijan increases its share in SOCAR Energy Georgia to 91.8%

SOCAR increased its equity participation in its Georgian subsidiary SOCAR Energy Georgia LLC to 91.8%.

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OMV to produce oil and gas in Georgia

The Austrian oil company OMV will produce oil and gas in Georgia, and a contract will be signed in the near future.

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Gazprom forecasts export price of gas in 2020 at the level of $130-140 per 1 thousand cubic meters

According to Gazprom's forecast, the company's gas export price in 2020 will be at the level of $130-140 per 1 thousand cubic meters.

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Georgia reduces purchases from Azerbaijan by 2.4% in gas balance for 2020

Georgia, which meets its needs for natural gas mainly through imports, has revised its forecast for the current year for the third time since the b

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In balance of natural gas for 2020, Georgia reduces its supplies from Azerbaijan by 2.1%

Georgia, which meets its needs for natural gas mainly through imports, has revised its forecast for the current year for the second time since the

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Georgia to increase natural gas imports by 2.66 billion cubic meters in 2020

Georgia plans to increase natural gas imports to the amount of 2.66 billion cubic meters.

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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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