Black Sea Petroleum (BSP) Oil Refinery Diversification Project
Sector: Oil and Gas • Location: Kulevi, Georgia
Source: Azer News
Georgia's first full-scale oil refinery, Black Sea Petroleum (BSP), plans to fully replace Russian crude oil with alternative sources such as Turkmen and Kazakh oil. The refinery aims to expand exports and align with European market requirements, transitioning to Euro-5 standard fuels by 2027. The project has completed its first phase with an annual capacity of 1.2 million tons, targeting a full c
- Status
- Under Construction
- Sector
- Oil and Gas
- Location
- Kulevi, Georgia
- Updated
- 22 Jul 2026
- Source
- Azer News
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Project Information
Participants
| Not available for this record. |
Status
Original status | under construction |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Georgia's first full-scale oil refinery, Black Sea Petroleum (BSP), plans to fully replace Russian crude oil with alternative sources such as Turkmen and Kazakh oil. The refinery aims to expand exports and align with European market requirements, transitioning to Euro-5 standard fuels by 2027. The project has completed its first phase with an annual capacity of 1.2 million tons, targeting a full capacity of 4.5 million tons. Total investment is estimated at $600 million. |
Original sector | Energy |
Budget |
Location
Country | Georgia |
City | Kulevi |
Source
Source | Azer News |
URL |
More Details
Record type | Project |
Sector | Oil and Gas |
Article published date | 2026-04-03 |
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