Georgia's only oil refinery will finish cutting out Russian crude by the end of September, its owner Black Sea Petroleum says, closing out a switch ordered under European Union sanctions imposed in July. The Kulevi plant has already started processing Kazakh crude and expects a Libyan shipment later this month.
Black Sea Petroleum, the owner of Georgia's only oil refinery, says the Kulevi plant will finish transitioning to processing exclusively non-Russian crude by the end of September, completing a shift ordered under European Union sanctions imposed in July.
The European Union added the Kulevi plant to a sanctions package in July, giving Black Sea Petroleum six months to transition away from Russian crude oil toward alternative supplies. EU officials said the refinery could be removed from the sanctions list once it shows it has switched to non-Russian crude.
Kulevi began processing Kazakh crude in early July. Black Sea Petroleum said in a statement dated July 31 that a shipment of Libyan oil is expected to arrive between Aug. 20 and Aug. 30.
The refinery processed more than 650,000 metric tons of crude oil in the first half of 2026, according to a statement on its website.
Source: Investing.com
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