Georgia's Only Oil Refinery to Stop Processing Russian Crude

Black Sea Petroleum LLC, owner of Georgia's only oil refinery, confirmed on Monday, Aug. 4, that it is phasing out Russian crude oil. The Kulevi refinery began processing Kazakh-origin crude in early July and expects a shipment of Libyan crude between Aug. 20-30 under an agreement running through 2027. The move follows EU sanctions that gave the refinery until January 2027 to end Russian oil processing.